HINDALCO / Q3-FY26 / promises

Measure what management said.

Hindalco Industries · A quarter-by-quarter view of forward statements and whether delivery is visible yet.

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WatchQ3-FY26 · 2026-02-10Back to quarter ↗

Management delivery ledger

Promises over time.

12 tracked

Q1-FY25 · Q4 FY24

Costs expected to decline 1-2% in Q1 FY25

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q1-FY25 · Q4 FY24

Alumina sales of 160-170 KT in Q1 FY25

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q1-FY26 · Q4 FY25

Aditya FRP to contribute 60-70 KT commercial sales in FY26

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q2-FY24 · Q1 FY24

India aluminum cost reduction of 3% in Q2

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q2-FY24 · Q1 FY24

India downstream aluminum volumes to exceed 90 KT in Q2

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q2-FY25 · Q1 FY25

Copper recycling project: breaking ground by October 2024

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q2-FY26 · Q1 FY26

Novelis FY26 cost savings target raised to >$100 million

Current-quarter results and commentary indicate the prior promise was delivered or materially on track.

met

heuristic_v1

Q3-FY24 · Q2 FY24

Q3 FY24 cost of production flattish QoQ

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q3-FY26 · Q2 FY26

Oswego Hotmill startup next month

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q4-FY24 · Q3 FY24

Novelis Q4 FY24 EBITDA per ton of $525

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q4-FY25 · Q3 FY25

Copper EBITDA to moderate to ~INR 600 crore per quarter

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1

Q4-FY25 · Q3 FY25

Novelis Q4 volumes to be meaningfully higher, similar to Q2 levels

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

missed

heuristic_v1