Hindalco Share Price Crashes 6% as Nifty Metal Falls 3%

Hindalco and Vedanta Lead Losses

Within the metal pack, Hindalco Industries ended nearly 6% lower, while Vedanta fell over 4%, making them key draggers for the index. The trigger was a softer tone in global metal prices after reports suggested the US may curb tariffs on certain metal products to help cool consumer prices. If tariffs are reduced, imports become cheaper, and supply can rise, which usually weighs on the prices of industrial metals such as aluminium. The index also drifted towards its 20-day moving average support.

Impact of Q3FY26 Earnings

Hindalco’s fall was also due to its performance in Q3FY26 earnings. The Aditya Birla Group’s metals flagship reported results for the quarter ended December 31, 2025. Consolidated EBITDA for Q3FY26 stood at ₹8,543 crore, up 5% year on year, and profit after tax before exceptional items rose 8% to ₹4,051 crore. However, reported net profit came in at ₹2,049 crore versus ₹3,735 crore a year ago, reflecting the Oswego disruption, partly offset by cost efficiency benefits at Novelis and record profits in the India business. 

Commodity Prices and Market Sentiment

On top of that, aluminium prices were weaker on the day, and that matters for sentiment because Hindalco’s upstream earnings and near-term realisations are linked to global aluminium benchmarks and premiums. When the commodity prices turn soft, traders tend to price in tighter near-term margins and reduce exposure to metal names, which is exactly what played out in Friday’s tape.

Summary: Macro and Company Factors

In short, the metal sell-off was a mix of macro and company cues: softer global pricing expectations set the tone, and Hindalco, sitting at the centre of the aluminium narrative, took the sharpest hit as risk appetite retreated into the weekend.