- Operational income increases by 7.2% y-o-y in Q2FY’26
- Steady domestic demand, higher global tags boost profits
National Aluminium Company Limited (NALCO), the Navratna CPSE under the Ministry of Mines, Government of India, posted its best-ever Q2 and H1 performance in FY’26.
Net profit soars
For the quarter ended September 2025, the company’s net profit rose 35% y-o-y to INR 1,433 crore, compared to INR 1,062 crore in the same period last year. Total income from operations for the quarter stood at INR 4,292 crore, reflecting a 7.2% growth over Q2FY’25.
During the first half of FY’26, NALCO continued its strong performance, with net profit soaring 50.15% to INR 2,497 crore, compared to INR 1,663 crore in H1FY’25. This robust growth was supported by enhanced operational efficiencies, cost optimisation measures, and favourable market conditions, including a recovery in international aluminium prices and steady domestic demand from the infrastructure and automotive sectors.
Reflecting its strong financial performance, NALCO declared an interim dividend of INR 4 per equity share (80% of the face value of INR 5 each), amounting to INR 734.65 crore for FY’26.
Production, sales reach record high
On the production front, NALCO achieved record outputs in key segments. The company produced 11,53,000 tonnes (t) of alumina hydrate and 2,34,148 t of aluminium cast metal during H1FY’26. On the sales front, the company recorded its highest-ever alumina sales of 6,99,913 t, surpassing the previous best of 6,56,480 t in FY’14. Cumulative domestic metal sales also reached a record 2,25,675 t during H1FY’26.
Momentum remains strong despite lower metal price realisations
Brijendra Pratap Singh, Chairman-cum-Managing Director of NALCO, said, “These results reflect the hard work and commitment of our employees and the continued support of all stakeholders. Despite challenges from lower metal price realisations, we have maintained operational excellence, cost efficiencies, and sustained productivity. Going forward, we will focus on value addition, sustainability, and expanding production capacities to ensure long-term growth and value creation for all stakeholders.”
He further expressed pride in the achievement, acknowledging the support of the Ministry of Mines, Government of India, the Government of Odisha, and other stakeholders who contributed to this milestone performance.
Outlook
NALCO is expected to maintain its growth momentum in the coming quarters, supported by stable aluminium prices, strong domestic demand, and continued operational efficiencies. The company’s focus on cost optimisation, value addition, and sustainability is likely to strengthen its competitiveness in both domestic and global markets. With ongoing expansion plans and supportive policy measures from the government, NALCO aims to further enhance production capacity and deliver consistent long-term value to stakeholders.
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