Earnings Review
NALCO reports modest PAT, revenue growth in Q3, above view
This story was originally published at 18:51 IST on 30 January 2026
Register to read our real-time news.Informist, Friday, Jan. 30, 2026
Please click here to read all liners published on this story
--NALCO Oct-Dec aluminium revenue INR 34.62 bln vs INR 26.01 bln yr ago
--NALCO Oct-Dec chemicals revenue INR 16.57 bln vs INR 25.16 bln yr ago
--NALCO Apr-Dec revenue INR 128.30 bln vs INR 115.20 bln year ago
--NALCO Apr-Dec net profit INR 40.98 bln vs INR 32.46 bln year ago
--NALCO interim dividend record date is Feb 6
--NALCO to pay INR 4.50 per share interim dividend
--NALCO Oct-Dec revenue INR 47.31 bln vs INR 46.62 bln year ago
--NALCO Oct-Dec net profit INR bln 16.01 vs INR 15.83 bln year ago
--Analysts saw NALCO Oct-Dec revenue at INR 44.00 bln
--NALCO Oct-Dec revenue INR 47.31 bln
--Analysts saw NALCO Oct-Dec net profit at INR 14.51 bln
--NALCO Oct-Dec net profit INR 16.01 bln
By Prateem Rohanekar
MUMBAI – The National Aluminium Co. Ltd. on Friday reported a net profit of INR 16.01 billion for the December quarter, up a little over 1% on year and higher than analysts' estimates. This is, however, the lowest on-year net profit growth for the company in 10 quarters. Analysts had estimated NALCO's net profit for the December quarter at INR 14.51 billion.
The company's board approved interim dividend of INR 4.5 per share with Feb. 6 as the record date.
The company's revenue for the quarter stood at INR 47.31 billion, up nearly 1.5% on year from INR 46.62 billion a year ago. The company's revenue was above Street estimates.
NALCO's total expenses in the December quarter rose 6% on year to INR 28 billion. Finance cost for the quarter was up 212% on year at INR 596 million. Raw material costs rose 19.4% on year to INR 6 billion.
Majority of the company's revenue came from its aluminum segment at INR 34.62 billion, up over 33% on year. The segment contributed over 73% to the company's total revenue from operations, while the rest of the revenue came from chemicals and other segments.
The company made necessary accounting changes to its gratuity structure, in accordance with the Code on Social Security, 2020, and is in the process of assessing the financial impact of the four labour codes enforced by the central government on Nov. 21.
The company's net profit for the Apr-Dec period was INR 40.98 billion, up above 26% on year. Revenue for the nine-month period was INR 128.30 billion, up more than 11% on year.
The company produced 120,000 tonnes of metal, up more than 4% from a year ago, and 574,000 tonnes of alumina hydrate, up nearly 4% from a year ago, the company said in an investor presentation. However, bauxite production was at nearly 2 million tonnes, down nearly 1% from a year ago.
The company's alumina sales were heavily export-reliant at 363,300 tonnes, down nearly 1% on year, while domestic sales were at 39,600 tonnes, up more than 360% on year. Conversely, sales in the metal segment were heavily in the domestic market at 119,300 tonnes, up more than 12% on year, with exports of 7,100 tonnes.
The company expects the London Metal Exchange prices of aluminium to go up due to a mix of geopolitical factors and market dynamics. However, the company said it would unlock higher productivity through optimal use of installed capacity while driving cost efficiency through reduction in specific consumptions.
The company targeted 3.5 million tonnes per annum of capacity expansion at the Pottangi bauxite mine by May 2026; the mine currently produces 7.5 million tonnes per annum. The company aims to add 1 million tonnes per annum of alumina refining capacity at the Damanjodi refinery by June 2026. The refinery currently operates at a capacity of 2.1 million tonnes per annum.
The company also aims to add 0.5 million tonnes of capacity to the Angul aluminium smelter, to the current capacity of 0.46 million tonnes. It also aims to add 1,080 megawatts of capacity to the Angul captive power plant, which currently operates at 1,200 megawatts capacity.
The company announced its earnings after market hours. On Friday, shares of National Aluminium Co. closed at INR 385.45 on the National Stock Exchange, down nearly 10.1% from the previous close. End
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
