Hindalco Industries shares: The shares of Hindalco Industries, a company related to the metal sector, are seeing a decline after the December quarter results on Friday. At 10:17 am, shares of this flagship company of Aditya Birla Group fell 5.97 percent to Rs 906.75 on BSE, whereas its previous closing price is much lower than Rs 964.30. The selling pressure on the shares is so much that its market cap has fallen to Rs 2.03 lakh crore.

Company’s results in Q3 FY26

The consolidated net profit of the company in the October-December quarter of the financial year 2025-26 was Rs 2049 crore, whereas in the same quarter last year the company had earned a profit of Rs 3735 crore. That means there has been a 45 percent decline in profits.

The company said that this decline in profit was mainly due to the expenditure of Rs 2610 crore due to the disruption in its Oswego plant in New York. Despite this, the operational consolidated revenue of the company increased by 14 percent to Rs 66521 crore. According to the company’s investor presentation, the Aluminum Upstream segment recorded EBITDA of Rs 4832 crore, showing a growth of 14 per cent year-on-year. It was supported by strong domestic demand.

Share may rise up to 23 percent

Regarding its shares, brokerage firm JM Financial said that its operations in India were fine. Due to the fire in Oswego, earnings were reduced for some time. Due to this its copper business had to face some difficulties. The brokerage has maintained ‘Buy’ rating on Hindalco stock and has kept a 12-month price target at Rs 1120. This shows the possibility of an increase of about 23.5 percent from the current level.

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