New Delhi, May 25 -- Hindalco Industries Ltd's reported consolidated net profit for the March quarter (Q4FY26) has halved year-on-year to Rs.2,597 crore, weighed down by exceptionals. However, the outlook remains strong, thanks to the steep rise in aluminium and copper prices and the anticipated restart of subsidiary Novelis' Oswego plant in June. This, along with expected cost savings, has prompted brokerages to revise their medium-term earnings estimates upwards.

For instance, JM Financial Institutional Securities has revised its FY27 and FY28 estimated earnings upwards by 8.6% and 7.6%, respectively, given expectations that aluminium London Metal Exchange (LME) prices will remain above $3,500 per tonne.

The global aluminium market is...