Hindalco beats Q2 estimates as strong metal prices offset rising input costs
Hindalco reported results.
· LiveMint Companies
The company reported an almost 59% jump in consolidated net profit to ₹7,532 crore in Q2, but a 39% rise in input costs during the quarter threatens to squeeze near-term margins.
The analysis
Hindalco reported ₹7,532 crore, with movement of 59% and 39% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +2.2% on the day at ₹958.40, and has returned -6.7% over three months. It sits 17% below its 52-week high. The metals & mining sector has moved -8.0% over the same period, so Hindalco is running 1.3 points ahead of its peers.
For Hindalco, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Hindalco (HINDALCO), in Metals & Mining.
- Over three months: Hindalco -6.7% against Metals & Mining -8.0% (1.3 points ahead).
- Trading well above normal today: Hindalco at 2.9 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HindalcoHINDALCO · Metals & Mining | ₹958.40 | +2.2% | +1.9% | -6.7% | -16.6% | 2.9× | — |
Metals & Mining
1M -3.6% · 3M -8.0%
Hindalco
Prices as of 6 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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