Consolidated figures · ₹ crore
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,01,202 | 1,02,631 | 1,15,809 | 1,18,144 | 1,31,985 | 1,95,059 | 2,23,202 | 2,15,962 | 2,38,496 | 2,74,944 | |
| COGS | 59,419 | 55,661 | 68,879 | 68,271 | 76,582 | 1,17,540 | 1,40,770 | 1,33,855 | 1,44,949 | 1,77,038 |
| Gross profit | 41,782 | 46,970 | 46,929 | 49,873 | 55,403 | 77,519 | 82,432 | 82,107 | 93,547 | 97,906 |
| 33,128 | 34,534 | 33,109 | 35,567 | 37,862 | 49,166 | 59,757 | 58,233 | 61,739 | 63,026 | |
| 8,654 | 12,436 | 13,820 | 14,306 | 17,541 | 28,353 | 22,675 | 23,874 | 31,808 | 34,880 | |
| OPM % | 8.6% | 12.1% | 11.9% | 12.1% | 13.3% | 14.5% | 10.2% | 11.1% | 13.3% | 12.7% |
| Depreciation | 4,347 | 4,457 | 4,506 | 5,091 | 6,628 | 6,729 | 7,086 | 7,521 | 7,881 | 8,830 |
| Interest | 5,134 | 5,742 | 3,911 | 4,197 | 3,738 | 3,768 | 3,646 | 3,858 | 3,419 | 3,480 |
| 1,189 | 1,103 | 2,879 | 902 | -969 | 1,247 | 1,298 | 1,517 | 1,829 | -4,074 | |
| Profit before tax | — | — | — | 5,924 | 6,206 | 19,103 | 13,241 | 14,012 | 22,337 | 18,496 |
| Tax | 498 | 1,433 | 2,074 | 2,157 | 2,723 | 5,373 | 3,144 | 3,857 | 6,335 | 5,105 |
| Tax % | — | — | — | 36.4% | 43.9% | 28.1% | 23.7% | 27.5% | 28.4% | 27.6% |
| -702 | 6,083 | -0 | 3,767 | 3,483 | 13,730 | 10,097 | 10,155 | 16,002 | 13,391 | |
| PAT margin % | -0.7% | 5.9% | 0% | 3.2% | 2.6% | 7% | 4.5% | 4.7% | 6.7% | 4.9% |
| EPS (₹) | -4.2 | 9.2 | 27.3 | 16.9 | 15.7 | 61.7 | 45.4 | 45.7 | 72.1 | 60.3 |
| EPS adjusted (₹) | — | — | — | 17 | 15.7 | 61.9 | 45.5 | 45.7 | 72.1 | 60.3 |
| — | 11.9% | 4.4% | 5.9% | 19.2% | 6.5% | 6.6% | 7.7% | 6.9% | 8.3% | |
| Annual report | Annual report for Mar 2016 | Annual report for Mar 2017 | Annual report for Mar 2018 | Annual report for Mar 2020 | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | Annual report for Mar 2026 |
| ₹ Cr | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 222 | 222 | 222 | 222 | 222 | 222 | 222 |
| Reserves | — | 66,311 | 77,969 | 94,584 | 1,05,924 | 1,23,487 | 1,36,361 |
| Minority interest | — | 10 | 11 | 11 | 11 | 12 | 12 |
| — | 65,978 | 63,235 | 58,335 | 54,501 | 61,931 | 96,659 | |
| — | 57,225 | 81,625 | 71,665 | 71,249 | 80,339 | 1,14,541 | |
| Total equity & liabilities | — | 1,89,746 | 2,23,062 | 2,24,817 | 2,31,907 | 2,65,991 | 3,47,795 |
| 89,173 | 1,00,248 | 1,06,853 | 1,10,606 | 1,11,764 | 1,16,511 | 1,30,190 | |
| CWIP | — | 10,013 | 4,727 | 7,340 | 14,643 | 27,023 | 47,569 |
| Investments | — | 17,154 | 14,140 | 14,136 | 15,490 | 24,203 | 25,019 |
| — | 62,331 | 97,342 | 92,735 | 90,010 | 98,254 | 1,45,017 | |
| Total assets | — | 1,89,746 | 2,23,062 | 2,24,817 | 2,31,907 | 2,65,991 | 3,47,795 |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Novelis | 1,62,882 | 14,546 | 1,96,015 | 73,466 | 1,22,549 | 11.87 |
| Copper | 69,838 | 2,809 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,688 | 12,687 | 10,898 | 11,977 | 80 | 17,232 | 16,838 | 19,208 | 24,056 | 24,410 | 10,250 | |
| -3,522 | -2,789 | 5,026 | -5,648 | -126 | -25,637 | -7,074 | -8,121 | -14,276 | -24,739 | -26,583 | |
| -8,862 | -5,552 | -16,412 | -5,466 | 46 | -4,882 | -6,765 | -10,345 | -10,817 | -1,816 | 20,087 | |
| Net cash flow | -696 | 4,347 | -489 | 863 | — | -13,287 | 2,999 | 742 | -1,037 | -2,145 | 3,754 |
| Free cash flow | — | 12,698 | — | — | — | 11,667 | 11,412 | 9,366 | 8,328 | 3,761 | -19,846 |
| CFO / Operating profit % | 135.1% | 102% | 78.9% | — | 0.6% | 98.3% | 59.4% | 84.7% | 100.8% | 76.8% | 29.4% |
| 36,727 |
| 20,069 |
| 16,658 |
| 16.86 |
| Aluminium upstream | 41,447 | 18,884 | 52,081 | 8,463 | 43,618 | 43.29 |
| Aluminium downstream | 15,938 | 978 | 15,770 | 2,323 | 13,447 | 7.27 |
₹ crore by fiscal year