📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
Latest filing: 2026-08-31 08:56
453 analysed today
453
Today
133,342
All-time analysed
40,106
Positive
6,279
Negative
79,144
Neutral
7,745
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
23 announcements match the current filters (relevance ≥ 5).
NALCO 45th AGM: 1 MTPA Alumina Expansion on Track for Q4 FY27; FY26 PAT at ₹5,816 Cr
At its 45th AGM, NALCO highlighted record FY26 financial performance, posting revenue of ₹17,843 crore (+6% YoY) and PAT of ₹5,816 crore (+9% YoY), alongside a total dividend payout of ₹2,112.12 crore. On expansions, trial runs for the 1.0 MTPA 5th stream Alumina refinery began in June 2026, with production stabilization expected in Q4 FY27. The company is advancing raw material security with the 3.5 MTPA Pottangi bauxite mine operationalisation in FY27 and Panchpatmali South Block (3.15 MTPA) scheduled for October 2026. Long-term growth includes a proposed 0.5 MTPA aluminium smelter brownfield expansion supported by a 50:50 JV with NLC India for a 1,080 MW thermal plant.
Confidence: HIGH
What changedNALCO released its 45th AGM Chairman speech detailing the status of key growth projects, operational records, and strategic joint ventures.
Why it mattersThe 1 MTPA Alumina expansion (increasing capacity by ~48% from 2.1 MTPA to 3.1 MTPA) and captive bauxite/coal integration reinforce NALCO's position as a low-cost global alumina producer.
FY26 Revenue: ₹17,843 croreFY26 PAT: ₹5,816 crore5th Stream Alumina Expansion: 1.0 MTPATotal FY26 Dividend: ₹2,112.12 croreProposed JV Power Plant Capacity: 1,080 MW (4x270 MW)
📅 Short termReaffirms operational stability and steady dividend yield (~2.9% payout yield based on current market cap). Limited immediate price impact as full-year FY26 numbers were previously known.
📈 Long termCapacity commissioning of the 5th stream refinery and captive mining assets will structurally increase volume output and enhance cost margins from FY27 onward.
⚠ Risk flags
- Global LME aluminium and alumina price volatility
- Execution and stabilization timelines for the 5th stream refinery and Pottangi mine
Key Highlights
Delivered record FY26 revenue of ₹17,843 crore (+6% YoY) and net profit of ₹5,816 crore (+9% YoY)
Total FY26 dividend payout reached ₹2,112.12 crore (₹11.50 per share, 230% of paid-up share capital)
1.0 MTPA Alumina Refinery 5th Stream expansion commenced phase-wise trials in June 2026, targeting stabilization by Q4 FY27
Developing 3.5 MTPA Pottangi Bauxite Mine for FY27 operationalisation and 3.15 MTPA Panchpatmali South Block crushing system (93% physical progress, commissioning Oct 2026)
Formed a 50:50 JV with NLC India for a 4x270 MW (1,080 MW) captive power plant to support a planned 0.5 MTPA brownfield smelter expansion
👀 What to Watch
Track commercial production milestones for the 1 MTPA 5th stream Alumina refinery through FY27 and regulatory/construction progress on the Pottangi mine and NLC power JV.
NALCO Q1 FY27: 39% Revenue Growth; 1 MTPA Refinery Expansion on Track for Sept 2026 Completion
NALCO reported a robust Q1 FY27 with total income rising 39% YoY to 5,400 Cr and PBT growing 88%. The company is progressing on its 1 MTPA 5th Stream refinery expansion, targeting mechanical completion by September 2026 and 2 lakh tons of incremental alumina production in FY27. Management highlighted a strong cash position of 10,500 Cr and a zero-debt balance sheet, with projected annual PAT exceeding 6,000 Cr. Operational efficiency improved as average employee CTC dropped from 36 lakhs to 33 lakhs due to senior-level superannuation.
Confidence: HIGH
What changedThe company provided a concrete timeline for its 1 MTPA refinery expansion and confirmed a significant reduction in employee costs following senior-level retirements.
Why it mattersThe 1 MTPA expansion will increase alumina capacity by nearly 48%, significantly boosting volume-led growth. Combined with zero debt and high cash reserves, NALCO is well-positioned to fund future smelter expansions internally.
Q1 FY27 Total Income: 5,400 CrNet Cash Reserves: 10,500 CrCash vs Market Cap: ~15%Refinery Expansion Capacity: 1 MTPAProjected FY27 PAT: 6,000+ CrAlumina Spot Price: $370-$380
📅 Short termPositive sentiment is expected due to the 88% PBT growth and clarity on the commissioning of the 5th Stream refinery by late 2026.
📈 Long termStructural growth is driven by the 48% alumina capacity expansion and the company's status as a global low-cost producer, supported by captive bauxite and coal mines.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- LME price volatility
- Potential delays in integrated trials of the new refinery packages
- Fluctuations in caustic soda prices
Key Highlights
Total income increased 39% YoY to 5,400 Cr in Q1 FY27 compared to 3,930 Cr in Q1 FY26.
Mechanical completion of the 1 MTPA 5th Stream refinery expansion is scheduled for September 2026.
Net cash reserves reached 10,500 Cr, representing approximately 15% of the current market capitalization.
Management targets 2 lakh tons of alumina production from the new stream within FY27.
Aluminium production target for the year set at 4.75-4.77 lakh tons, exceeding the rated capacity of 4.6 lakh tons.
👀 What to Watch
Monitor the mechanical completion and integrated water trials of the 5th Stream refinery in September 2026. Investors should also track LME aluminium prices and alumina spot prices (currently $370-$380) as they remain the primary drivers of profitability.
NALCO Q1 FY27 PAT Jumps 88% to ₹2,002 Cr; 1 MTPA Refinery Expansion Starts Pre-Commissioning
NALCO reported a robust Q1 FY27 with revenue from operations growing 39.3% YoY to ₹5,302 Cr and PAT surging 88.2% to ₹2,002 Cr, driven by strong LME price realizations. A major milestone was achieved with the 1 MTPA 5th Stream Alumina Refinery entering the pre-commissioning phase in June 2026, which will expand existing capacity by approximately 47%. However, the 3.5 MTPA Pottangi Bauxite mine project (111 MT reserves) remains delayed due to local agitation affecting approach road work. Management maintains a positive outlook with LME aluminium prices expected to average between $3,200-$3,300/T for CY 2026.
Confidence: HIGH
What changedNALCO has moved its massive 1 MTPA refinery expansion into the pre-commissioning phase and delivered a significant earnings beat driven by price realizations.
Why it mattersThe capacity expansion represents a structural shift in NALCO's production profile, potentially increasing Alumina output by nearly 50%, while the current zero-debt status and high margins provide a strong cushion against commodity cycles.
Q1 FY27 PAT: ₹2,002 CrYoY Revenue Growth: 39.27%Alumina Capacity Expansion: 1 MTPALME Price Outlook (CY26): $3,200 - $3,300/TPottangi Bauxite Reserves: 111 million tonnes
📅 Short termThe stock is likely to react positively to the 88% PAT growth and the tangible progress on the refinery expansion, which reduces execution risk.
📈 Long termStructural growth is anchored by the refinery expansion and the proposed 0.5 MTPA smelter addition, positioning NALCO to benefit from the projected 6-8% CAGR in Indian aluminium demand.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- LME price volatility
- Local agitation at Pottangi mine site
- Absence of Independent Directors on the Board since April 2026
Key Highlights
Net Profit (PAT) increased by 88.16% YoY to ₹2,002 Cr in Q1 FY27 from ₹1,064 Cr in the previous year.
EBITDA grew 78.39% YoY to ₹2,881 Cr, reflecting significantly improved operating margins.
Pre-commissioning of the 1 MTPA 5th Stream Alumina Refinery commenced in June 2026.
Domestic Alumina sales volume grew 47.42% YoY to 42.9k tonnes, while export volumes rose 10.89%.
Pottangi Bauxite mine development is currently stalled by local agitation despite having a Mine Developer and Operator (MDO) appointed.
👀 What to Watch
Watch for the successful full commissioning and ramp-up of the 5th Stream Refinery by mid-2026, as this volume growth is critical to offset any potential softening in LME prices. Additionally, monitor the resolution of local issues at the Pottangi mine which is vital for long-term raw material security.
88% Profit Surge: NALCO Reports ₹2,002.38 Cr Net Profit in Q1 FY27
NALCO delivered a robust Q1 FY27 performance with net profit soaring 88% YoY to ₹2,002.38 crore, up from ₹1,063.86 crore. Revenue from operations grew 39% YoY to ₹5,302.38 crore, representing approximately 29.7% of its TTM revenue in a single quarter. The company achieved record Q1 operational milestones in bauxite excavation and alumina production, benefiting from favorable global prices and higher sales volumes. Additionally, a final dividend of ₹1 per share was recommended for FY 2025-26.
Confidence: HIGH
What changedNALCO has transitioned into a higher profitability bracket in Q1 FY27, driven by record operational volumes and improved price realizations compared to the previous year.
Why it mattersThe results confirm NALCO's status as a low-cost producer capable of generating significant cash flow during favorable price cycles, supporting its zero-debt balance sheet and dividend payouts.
Q1 Net Profit: ₹2002.38 croreQ1 Revenue vs TTM Revenue: ~29.7%YoY Profit Growth: 88%Bauxite Excavation: 19.52 lakh tonnesFinal Dividend: ₹1 per share
📅 Short termThe stock is likely to react positively to the significant profit beat and record-breaking operational volumes reported for the quarter.
📈 Long termLong-term value depends on the successful execution of the 1 MTPA refinery expansion and the operationalization of the Pottangi Bauxite mine to maintain its low-cost advantage.
⚠ Risk flags
- LME price volatility
- Fluctuations in caustic soda prices
- Coal supply disruptions
Key Highlights
Net profit increased by 88% YoY to ₹2,002.38 crore from ₹1,063.86 crore.
Revenue from operations rose 39% YoY to ₹5,302.38 crore.
Achieved highest-ever Q1 bauxite excavation of 19.52 lakh tonnes.
Recorded highest-ever Q1 calcined alumina production of 5.77 lakh tonnes.
Recommended a final dividend of ₹1 per equity share (20% on face value of ₹5).
👀 What to Watch
Investors should monitor the commissioning timeline of the 1 MTPA Alumina refinery expansion (5th stream) and track LME aluminium price volatility, which remains the primary driver of profitability.
Re. 1.00 Final Dividend Recommended; Record Date Fixed for Aug 24, 2026
NALCO has recommended a final dividend of Re. 1.00 per share for FY 2025-26, bringing the total dividend for the year to Rs. 11.50 per share. The record date for this final payout is set for August 24, 2026, with the Annual General Meeting (AGM) scheduled for August 31, 2026. This final dividend represents a 20% payout on the face value of Rs. 5. The board also approved the unaudited financial results for Q1 FY27 and appointed cost auditors for the upcoming fiscal year.
Confidence: HIGH
What changedThe company has finalized its total dividend payout for the previous financial year and established the timeline for the shareholder meeting and dividend distribution.
Why it mattersThe total dividend of Rs. 11.50 per share provides a yield of approximately 3.28% based on the current market price of Rs. 350.1, maintaining NALCO's profile as a consistent dividend-paying PSU.
Final Dividend: Re. 1.00 per shareTotal FY26 Dividend: Rs. 11.50 per shareDividend Yield (FY26): ~3.28%Record Date: 24-Aug-2026AGM Date: 31-Aug-2026
📅 Short termThe stock may see mild positive interest leading up to the record date as investors position for the final dividend.
📈 Long termLimited structural impact; the dividend is part of the company's routine capital allocation strategy as a cash-rich, zero-debt entity.
⚠ Risk flags
- LME price volatility remains the primary risk to future dividend sustainability
Key Highlights
Final dividend of Re. 1.00 per share recommended for FY 2025-26
Total dividend for FY 2025-26 stands at Rs. 11.50 per share (230% of face value)
Record date for the final dividend is fixed as August 24, 2026
45th Annual General Meeting (AGM) to be held on August 31, 2026
Board approved unaudited standalone and consolidated financial results for Q1 FY27
👀 What to Watch
Investors should note the ex-dividend date (typically one business day prior to the August 24 record date) to be eligible for the payout. Monitor the full Q1 FY27 results for impact of LME price volatility on operating margins.
NALCO Recommends Re 1 Final Dividend; Total FY26 Payout Reaches Rs 11.50 Per Share
National Aluminium Company (NALCO) has recommended a final dividend of Re 1.00 per share for FY26, bringing the total annual dividend to Rs 11.50 per share (230% of face value). The board has fixed August 24, 2026, as the record date for this final payout, subject to shareholder approval at the AGM on August 31, 2026. Additionally, the company approved Q1 FY27 results and appointed new Cost Auditors for the 2026-27 fiscal year. An emphasis of matter was noted by statutory auditors regarding unrecognized revenue from two wind power plants in Rajasthan due to pending power purchase agreements.
Confidence: HIGH
What changedThe company has finalized its total dividend payout for the previous fiscal year and transitioned its cost audit responsibilities to new firms for the upcoming year.
Why it mattersThe total dividend of Rs 11.50 represents a yield of approximately 3.28% based on the current price of Rs 350.1, maintaining NALCO's profile as a consistent dividend-paying PSU.
Final Dividend: Re 1.00 per shareTotal FY26 Dividend: Rs 11.50 per shareDividend Yield (Approx): 3.28%Record Date: 2026-08-24Face Value: Rs 5.00
📅 Short termThe stock is likely to remain range-bound with a slight positive bias leading up to the dividend record date in late August.
📈 Long termStructural value depends on the successful commissioning of the 5th stream refinery expansion and the operationalization of the Pottangi Bauxite mine to maintain its low-cost producer status.
⚠ Risk flags
- Sub-judice matter regarding revenue recognition for Rajasthan wind power plants
- LME price volatility impacting margins
Key Highlights
Recommended final dividend of Re 1.00 per share (20% on face value of Rs 5).
Total dividend for FY26 stands at Rs 11.50 per share, including three previous interims totaling Rs 10.50.
Record date for final dividend eligibility set for August 24, 2026.
Appointed M/s. Tanmaya S. Pradhan & Co and M/s. S Dhal & Co as Cost Auditors for FY 2026-27.
45th Annual General Meeting (AGM) scheduled for August 31, 2026, via video conferencing.
👀 What to Watch
Investors should track the record date of August 24, 2026, for dividend eligibility and monitor the AGM for updates on the 1 MTPA Alumina refinery expansion project due by June 2026.
Re. 1.00 Final Dividend Recommended; Total FY26 Payout reaches Rs. 11.50 per share
National Aluminium Company (NALCO) has recommended a final dividend of Re. 1.00 per share (20% of face value) for FY 2025-26. This brings the total dividend for the fiscal year to Rs. 11.50 per share, following three interim dividends totaling Rs. 10.50. Based on the current price of Rs. 350.1, the total FY26 dividend represents a yield of approximately 3.28%. The company has fixed August 24, 2026, as the record date for this final payout.
Confidence: HIGH
What changedThe Board has finalized the total dividend payout for FY 2025-26 by adding a Re. 1.00 final dividend to the previously paid interims.
Why it mattersConfirms NALCO's status as a consistent dividend-paying PSU, supported by its strong cash flow and zero-debt position. The total payout of Rs. 11.50 is significant relative to the TTM EPS of Rs. 31.57.
Final Dividend: Re. 1.00 per shareTotal FY26 Dividend: Rs. 11.50 per shareDividend Yield (FY26 Total): 3.28%Record Date: August 24, 2026Face Value: Rs. 5.00
📅 Short termThe stock may see mild support leading up to the ex-dividend date in late August, typical for high-yield PSU stocks.
📈 Long termLimited structural impact from the dividend; however, the company's low-cost production profile and upcoming capacity expansions (1 MTPA Alumina) remain the primary long-term value drivers.
⚠ Risk flags
- LME price volatility directly impacts profitability and future dividend capacity
- Raw material cost fluctuations (Caustic Soda and Coal)
Key Highlights
Final dividend of Re. 1.00 per share recommended for FY 2025-26.
Total dividend for FY 2025-26 is Rs. 11.50 per share, representing 230% of face value.
Record date for the final dividend is fixed as August 24, 2026.
45th Annual General Meeting (AGM) scheduled for August 31, 2026.
Company maintains a zero-debt balance sheet with a net worth of Rs. 21,862 Cr.
👀 What to Watch
Investors should note the record date of August 24, 2026, to be eligible for the final dividend. Long-term focus should remain on the 1 MTPA Alumina refinery expansion progress and LME price trends.
₹1.00 Final Dividend Recommended; Total FY26 Payout Reaches ₹11.50 Per Share
NALCO's board has recommended a final dividend of ₹1.00 per share for FY26, bringing the total dividend for the year to ₹11.50 (230% of face value). The board also approved the unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). A record date of August 24, 2026, has been set for the final dividend, with the Annual General Meeting (AGM) scheduled for August 31, 2026. Auditors highlighted a pending legal matter regarding non-recognition of revenue from two wind power plants in Rajasthan.
Confidence: HIGH
What changedRecommendation of the final dividend for the previous fiscal year and approval of the first quarter results for FY27.
Why it mattersConfirms the total cash return to shareholders for FY26 and sets the timeline for the next phase of corporate governance and dividend distribution.
Final Dividend: ₹1.00 per shareTotal FY26 Dividend: ₹11.50 per shareDividend Payout vs TTM EPS: ~36.4%Record Date: August 24, 2026AGM Date: August 31, 2026
📅 Short termThe stock may see neutral to slightly positive movement as investors price in the final dividend and await the full Q1 FY27 earnings details.
📈 Long termStructural growth remains tied to the 5th stream refinery expansion and the operationalization of captive bauxite and coal mines to maintain low-cost leadership.
⚠ Risk flags
- LME price volatility
- Pending litigation on wind power revenue recognition
- Input cost volatility (Caustic Soda and Coal)
Key Highlights
Final dividend of ₹1.00 per share recommended for FY 2025-26, subject to AGM approval.
Total dividend for FY26 stands at ₹11.50 per share, including three interim dividends totaling ₹10.50.
Record date for final dividend eligibility is fixed as August 24, 2026.
45th Annual General Meeting (AGM) scheduled for August 31, 2026, via video conferencing.
Auditors noted non-recognition of revenue from wind power plants pending Power Purchase Agreement (PPA) execution.
👀 What to Watch
Monitor the upcoming AGM on August 31, 2026, for management updates on the 1 MTPA Alumina refinery expansion and the resolution of the wind power revenue dispute.
1,080 MW Captive Power Plant: NALCO and NLC India Sign 50:50 Joint Venture Agreement
NALCO has signed a definitive 50:50 Joint Venture Agreement with NLC India Limited to develop a 1,080 MW (4x270 MW) thermal captive power plant in Anugola, Odisha. This project is a critical infrastructure step to support NALCO's planned 0.5 MTPA aluminium smelter expansion, which requires 800 MW of assured power by 2030-31. The agreement includes a 25-year Power Purchase Agreement for 100% offtake by NALCO and a long-term fuel supply agreement with NLCIL. This secures energy inputs for NALCO's next major growth phase while maintaining its low-cost producer status.
Confidence: HIGH
What changedThe company has moved from a non-binding MoU (signed February 2026) to a formal, binding Joint Venture-cum-Shareholders' Agreement for its power infrastructure.
Why it mattersEnergy is the largest cost component in aluminium production; securing 1,080 MW of captive power and long-term coal supply de-risks NALCO's massive 0.5 MTPA smelter expansion and protects its industry-leading margins.
Proposed CPP Capacity: 1,080 MWJV Equity Split: 50:50PPA Duration: 25 yearsSmelter Expansion Target: 0.5 MTPASmelter Commissioning Year: 2030-31Current Metal Capacity: 0.46 MTPA
📅 Short termThe formalization of the JV provides clarity on NALCO's long-term expansion roadmap and is likely to be viewed positively by the market as a sign of execution progress.
📈 Long termStructurally significant; the 1,080 MW plant and the associated 0.5 MTPA smelter expansion represent a potential doubling of NALCO's metal production capacity by the end of the decade.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk of large-scale thermal power projects
- Long-term environmental/regulatory compliance for coal-based power
- Timeline for smelter expansion is 5+ years away
Key Highlights
1,080 MW total capacity (4x270 MW) to be developed as a brownfield project at NALCO's existing premises.
50:50 equity partnership between NALCO and NLC India Limited for the new Joint Venture Company.
25-year Power Purchase Agreement (PPA) ensures 100% offtake of generated power by NALCO.
0.5 MTPA aluminium smelter expansion targeted for 2030-31, necessitating 800 MW of this new capacity.
200-250 MW of firm Renewable Energy (RE-RTC) also being pursued to meet consumption obligations.
👀 What to Watch
Monitor the incorporation of the JV company and the subsequent environmental/regulatory approvals for the 1,080 MW plant. Investors should track the execution timeline of the 0.5 MTPA smelter expansion, as this power plant is the primary enabler for that growth.
1,080 MW JV with NLC India for Captive Power Plant at Angul
NALCO has signed a 50:50 Joint Venture agreement with NLC India Limited (NLCIL) to develop a 1,080 MW (4x270 MW) thermal captive power plant in Angul, Odisha. This project is designed to provide power for NALCO's proposed 0.5 MTPA Aluminium Smelter expansion, which would effectively double its current metal capacity of 0.46 MTPA. The agreement includes a 25-year Power Purchase Agreement (PPA) for 100% offtake and a long-term coal supply arrangement at notified prices. Additionally, the JV will explore 200-250 MW of firm Renewable Energy (RE-RTC) to meet sustainability goals.
Confidence: HIGH
What changedNALCO has moved from planning to a formal binding Joint Venture agreement with NLC India for a massive captive power project.
Why it mattersEnergy is the largest cost component in aluminium smelting; securing 1,080 MW of captive power at notified coal prices is essential for NALCO to maintain its position as a global low-cost producer while doubling its metal output.
Power Plant Capacity: 1,080 MWSmelter Expansion Capacity: 0.5 MTPAEquity Split: 50:50PPA Duration: 25 yearsRenewable Energy Target: 200-250 MW
📅 Short termThe announcement provides clarity on NALCO's expansion roadmap and should be viewed positively by the market as it de-risks the power requirement for future growth.
📈 Long termStructurally significant; doubling metal capacity with captive power security could lead to a substantial re-rating of earnings once the smelter and power plant are operational.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk for large-scale thermal power projects
- Environmental and regulatory clearances for coal-based power
- Volatility in LME aluminium prices affecting the ROI of the expansion
Key Highlights
1,080 MW total capacity through 4 units of 270 MW each to be developed via a new JV company.
50:50 equity participation between NALCO and NLC India Limited, both Government of India enterprises.
Secures power for a 0.5 MTPA Aluminium Smelter expansion, nearly doubling current 0.46 MTPA capacity.
25-year Power Purchase Agreement (PPA) ensures long-term energy security at regulated prices.
Includes exploration of 200-250 MW of firm Renewable Energy (RE-RTC) and long-term coal supply.
👀 What to Watch
Monitor the timeline for the incorporation of the JV and the subsequent environmental clearances for the 1,080 MW plant. The primary value driver will be the execution of the 0.5 MTPA smelter expansion, for which this power plant is a critical infrastructure dependency.
NALCO FY26 PAT Rises 9.2% to Record Rs 5,816 Cr; Revenue Hits Rs 17,843 Cr
NALCO reported its best-ever financial performance for FY26, with Profit After Tax (PAT) growing 9.22% to Rs 5,816 crore and revenue increasing 6.28% to Rs 17,843 crore. The growth was driven by record physical production across all segments, including a 41.84% surge in coal production from the Utkal block. Management successfully offset a decline in alumina prices (down to $370/ton) through higher metal realizations ($2,700/ton) and improved operational efficiencies. Looking ahead, the company is commissioning its 5th stream refinery in June 2026 and has initiated a massive Rs 30,000 crore capex plan for a new smelter and power plant.
Key Highlights
FY26 Revenue from operations grew 6.28% YoY to Rs 17,843 crore with EBITDA rising 8.72% to Rs 8,613 crore.
Achieved record metal production of 4.71 lakh tons and alumina hydrate production growth of 11.5%.
5th stream refinery commissioning to begin in June 2026, targeting 25 lakh tons of alumina production in FY27.
Utkal coal block production increased by 41.84%, significantly aiding cost management and energy security.
Outlined a Rs 30,000 crore capex roadmap for a new smelter and power plant with a completion target of late 2030.
👀 What to Watch
Investors should remain positive on NALCO given its record operational efficiencies and clear capacity expansion roadmap in the alumina segment. Monitor the execution of the new smelter project and global LME price trends which remain the primary drivers of profitability.
NALCO Reports Record FY26 Net Profit of Rs 5,816 Cr; Declares Rs 2 Interim Dividend
NALCO achieved its highest-ever annual net profit of Rs 5,816 crore in FY26, representing a 9.22% growth over the previous year. Revenue from operations also hit a record high of Rs 17,843 crore, driven by peak production levels in bauxite and cast metal. For Q4 FY26, the company reported a 7% sequential growth in profit to Rs 1,718 crore. Additionally, the board has announced a third interim dividend of Rs 2 per share, reflecting strong cash flow and operational efficiency.
Key Highlights
Record annual Net Profit (PAT) of Rs 5,816 crore, up 9.22% YoY from Rs 5,325 crore.
Highest-ever Revenue from Operations at Rs 17,843 crore for the full financial year.
Record operational performance with bauxite excavation at 77.01 lakh tonnes and metal production at 4.72 lakh tonnes.
Q4 FY26 Net Profit rose 7% sequentially to Rs 1,718 crore on revenue of Rs 5,103 crore.
Announcement of a 3rd interim dividend of Rs 2 per equity share (40% on face value of Rs 5).
👀 What to Watch
Investors should consider NALCO's record-breaking operational and financial performance as a sign of strong fundamental health. The combination of volume growth and consistent dividend payouts makes it a robust pick in the PSU metal space.
NALCO Q4 FY26 PAT Dips 17% YoY to ₹1,718 Cr; Full Year Profit Rises 9% to ₹5,816 Cr
National Aluminium Company (NALCO) reported a 17.37% year-on-year decline in Q4 FY26 PAT to ₹1,718 crore, impacted by higher depreciation and operating costs. However, the full-year performance was positive, with PAT growing 9.22% to ₹5,816 crore and revenue from operations rising 6.28% to ₹17,843 crore. The company achieved record-high production in bauxite and alumina hydrate, and is nearing the commissioning of major expansion projects like the Pottangi mines and the 5th stream refinery in mid-2026.
Key Highlights
Full-year FY26 PAT increased by 9.22% to ₹5,816 crore, while Q4 PAT fell 17.37% YoY to ₹1,718 crore.
Achieved highest-ever annual production in Bauxite (77.07 lakh tonnes) and Alumina Hydrate (23 lakh tonnes).
EBIDTA for FY26 grew 8.72% to ₹8,613 crore, though Q4 EBIDTA saw a 11.56% YoY decline.
Pottangi Bauxite mines (3.5 MTPA) and 5th Stream Alumina Refinery (1 MTPA) are slated for commissioning in May-June 2026.
Management expects LME Aluminium prices to average around US$ 3,125 per MT for the 2026 calendar year.
👀 What to Watch
Investors should monitor the timely commissioning of the 5th Stream Refinery in mid-2026, which is a key growth catalyst. While Q4 margins were under pressure, the company's low-cost integrated model and strong full-year performance support a long-term hold strategy.
NALCO Declares ₹2/Share Dividend; FY26 Net Profit Rises 9% to ₹5,816 Crore
National Aluminium Company (NALCO) reported a strong performance for FY 2025-26, with annual net profit growing 9.2% YoY to ₹5,815.76 crore. The Board has declared a third interim dividend of ₹2 per share (40% of face value), with May 8, 2026, set as the record date. Annual revenue from operations increased to ₹17,843.05 crore, up from ₹16,787.63 crore in the previous fiscal. The company maintains a robust cash position with bank balances exceeding ₹8,250 crore.
Key Highlights
Declared 3rd interim dividend of ₹2 per share for FY 2025-26 with a record date of May 8, 2026
Full-year FY26 Net Profit increased to ₹5,815.76 crore from ₹5,324.67 crore in FY25
Annual Revenue from Operations grew 6.3% YoY to reach ₹17,843.05 crore
Q4 FY26 standalone profit stood at ₹1,717.71 crore on revenue of ₹5,012.82 crore
Earnings Per Share (EPS) for the full year improved to ₹31.67 from ₹28.99
👀 What to Watch
Investors should hold for the dividend payout and note the record date of May 8. The steady growth in EPS and healthy cash reserves make it a strong PSU play in the commodities sector.
NALCO Declares ₹2 Interim Dividend; FY26 Net Profit Rises 9% to ₹5,816 Crore
National Aluminium Company (NALCO) has declared its third interim dividend of ₹2 per share for FY 2025-26, with a record date of May 8, 2026. The company reported a strong financial performance for the full year ending March 31, 2026, with net profit growing 9.2% year-on-year to ₹5,815.76 crore. Annual revenue from operations also saw an increase, reaching ₹17,843.05 crore compared to ₹16,787.63 crore in the previous fiscal. The board has maintained a healthy payout ratio alongside consistent revenue growth.
Key Highlights
Declared 3rd interim dividend of ₹2 per share (40% of face value) for FY 2025-26
Annual Net Profit increased to ₹5,815.76 crore in FY26 from ₹5,324.67 crore in FY25
Total Revenue from Operations for FY26 stood at ₹17,843.05 crore, up from ₹16,787.63 crore
Record date for the dividend is fixed as May 8, 2026, with payment by May 30, 2026
Q4 FY26 standalone net profit reached ₹1,717.71 crore on revenue of ₹5,012.82 crore
👀 What to Watch
Investors should ensure they hold shares before the May 8 record date to qualify for the ₹2 dividend. The steady growth in annual profits and consistent dividend payouts reinforce NALCO's position as a stable income-generating PSU stock.
NALCO FY26 PAT Rises 9.2% to ₹5,816 Cr; Declares ₹2/Share 3rd Interim Dividend
National Aluminium Company (NALCO) reported a steady performance for the full year 2025-26, with annual revenue growing 6.3% to ₹17,843 crore and Profit After Tax (PAT) increasing 9.2% to ₹5,816 crore. While the annual performance was strong, Q4 FY26 PAT saw a decline to ₹1,718 crore compared to ₹2,078 crore in the year-ago period. The Board has declared a 3rd interim dividend of ₹2 per share, with a record date of May 8, 2026. The company's cash and bank balances showed significant improvement, rising to ₹8,254 crore from ₹5,305 crore year-on-year.
Key Highlights
Annual Revenue from Operations grew 6.3% YoY to ₹17,843.05 crore in FY 2025-26.
Full-year Net Profit (PAT) increased by 9.2% to ₹5,815.76 crore with an annual EPS of ₹31.67.
Declared 3rd interim dividend of ₹2 per share (40% on Face Value of ₹5) for FY 2025-26.
Cash and bank balances surged to ₹8,254.29 crore as of March 31, 2026, up from ₹5,305.33 crore.
Q4 FY26 standalone PAT stood at ₹1,717.71 crore, compared to ₹2,078.37 crore in Q4 FY25.
👀 What to Watch
Investors should view the strong annual growth and robust cash position as positive indicators of operational health. The interim dividend offers immediate yield, though investors should monitor global commodity price trends which impacted Q4 margins.
NALCO Reports Record FY26 Performance; Alumina Sales Surge 30.74% YoY
National Aluminium Company Limited (NALCO) achieved historic production and sales benchmarks in FY26, marking its best performance in over four decades. The company reported a massive 30.74% growth in total alumina sales, reaching 14.46 lakh tonnes, and an 11.16% increase in calcined alumina production. Operational efficiency was evident across the board, with record bauxite excavation of 77.01 lakh tonnes and coal production of 40 lakh tonnes. These record-breaking volumes across the integrated value chain are expected to reflect positively on the company's annual financial statements.
Key Highlights
Total Alumina sales grew by 30.74% YoY to a record 14.46 lakh tonnes
Calcined Alumina production rose 11.16% YoY to 22.75 lakh tonnes
Achieved highest-ever Cast Metal production of 4.72 lakh tonnes and sales of 4.74 lakh tonnes
Record coal production of 40 lakh tonnes and net power generation of 6,953 MU
Bauxite transportation increased by 6.13% YoY to 77.07 lakh tonnes
👀 What to Watch
The record-breaking operational volumes across all segments suggest strong revenue potential and improved cost efficiencies. Investors should maintain a positive outlook on the stock as these physical performance metrics typically precede strong financial results.
NALCO Launches High-Performance IA91 Grade Aluminium Alloy Ingot for Automotive & Industrial Use
National Aluminium Company Limited (NALCO) has launched a new IA91 Grade Aluminium alloy ingot, a silicon-based casting alloy designed for high-performance applications. This product is engineered to provide a balance of castability, mechanical strength, and corrosion resistance, targeting the automotive, electrical, and power equipment sectors. The launch represents a strategic move to expand NALCO's value-added product portfolio, which typically commands higher margins than standard primary aluminium. The product was formally introduced at the Kolkata Stockyard on February 24, 2026.
Key Highlights
Introduction of IA91 Grade Aluminium alloy ingot, a high-performance silicon-based casting alloy.
Targeted at high-growth sectors including automotive, electrical, power equipment, and industrial foundries.
Optimized for advanced casting applications such as gravity die casting and low-pressure die casting.
Strategic focus on increasing the share of value-added products in the company's overall sales mix.
Product launch overseen by Director (Commercial) and CMD, highlighting its importance to the company's growth strategy.
👀 What to Watch
Investors should view this as a positive step toward margin expansion through value-added products. Monitor future earnings reports for the contribution of specialized alloys to the overall revenue mix.
NALCO Q3 FY26: Record Performance with 25% PBT Growth and 45% Alumina Sales Volume Surge
National Aluminium Company (NALCO) reported landmark results for Q3 and 9M FY26, with 9-month PBT increasing by 25% and income growing by 13%. The performance was driven by a massive 45% surge in alumina sales volumes and a 20% increase in alumina production, which helped offset a sharp decline in average alumina prices from $562 to $385. Metal realizations provided a cushion, rising from $2,538 to $2,867 per ton. The company also demonstrated strong cost control, with expenditure rising only 6% against a 13% revenue jump, aided by significant improvements in caustic soda consumption efficiency.
Key Highlights
9-month PBT increased by 25% YoY while total income grew by 13% (approx. Rs. 2,000 crore).
Alumina sales volume jumped 45% and production rose 20% in the 9-month period.
Metal realizations improved to $2,867 per ton from $2,538 in the previous year.
Operational efficiency improved with caustic soda consumption falling from 121 kg to 99 kg per ton.
New refinery commissioning is scheduled for June 2026, targeting 3 lakh tons of production in its first year.
👀 What to Watch
Investors should maintain a positive outlook given the strong volume growth and operational efficiencies that are protecting margins against price volatility. The upcoming refinery expansion in June 2026 provides a clear catalyst for further capacity-led growth.
NALCO Declares ₹4.50 Second Interim Dividend; Q3 Net Profit Rises to ₹1,601 Crore
National Aluminium Company (NALCO) has declared a second interim dividend of ₹4.50 per share for FY 2025-26, following an earlier interim dividend of ₹4.00. The company reported a strong financial performance for Q3 FY26, with standalone net profit rising to ₹1,601.02 crore from ₹1,433.17 crore in the previous quarter. Revenue from operations also saw a sequential increase of 10.2%, reaching ₹4,730.95 crore. The record date for the dividend eligibility is set for February 6, 2026.
Key Highlights
Second interim dividend declared at ₹4.50 per share (90% of face value)
Standalone Net Profit increased 11.7% sequentially to ₹1,601.02 crore
Revenue from operations grew to ₹4,730.95 crore in Q3 FY26 vs ₹4,292.34 crore in Q2 FY26
Record date for dividend payment fixed as February 6, 2026
Total interim dividend for FY 2025-26 now stands at ₹8.50 per share
👀 What to Watch
Investors seeking dividend income should ensure they hold shares before the February 6 record date. The company's improving sequential margins and steady revenue growth support a positive outlook for long-term holders.
