Bhubaneswar: National Aluminium Company Limited (NALCO), a leading public sector enterprise under the Ministry of Mines, has reported strong financial performance for the quarter ended June 30, 2026. The company recorded significant year-on-year growth in revenue and profit, supported by robust performance in its aluminium and chemicals businesses.
On a standalone basis, Revenue from Operations increased 39.28% year-on-year to ₹5,302 crore, compared with ₹3,807 crore in Q1 FY26. Total Income stood at ₹5,476 crore, registering a 39.30% growth over the year-ago period.
Profit Before Tax (PBT) rose to ₹2,645 crore from ₹1,429 crore in Q1 FY26, while Profit After Tax (PAT) increased to ₹2,002 crore, compared with ₹1,060 crore in the corresponding quarter last year. Standalone Earnings Per Share (EPS) stood at ₹5.34, up from ₹3.60 in Q1 FY26.
NALCO Q1 FY27 Financial Performance
The company’s key standalone financial results for the quarter include:
- Revenue from Operations: ₹5,302 crore, up 39.28% YoY
- Total Income: ₹5,476 crore, up 39.30% YoY
- Profit Before Tax: ₹2,645 crore, compared with ₹1,429 crore in Q1 FY26
- Profit After Tax: ₹2,002 crore, compared with ₹1,060 crore in Q1 FY26
- EPS: ₹5.34, compared with ₹3.60 in Q1 FY26
The strong financial performance was supported by higher aluminium prices and improved operational efficiency across the company’s key business segments.
Read also: NLC India and NALCO Sign JV Agreement for 1,080 MW Captive Thermal Power Plant in Odisha’s Angul
Consolidated Revenue Rises 39%
NALCO also reported strong consolidated financial results for Q1 FY27.
Consolidated Revenue from Operations stood at ₹5,302 crore, representing a 39.30% year-on-year increase. Total Income rose 39.35% to ₹5,476 crore.
The company’s consolidated Profit Before Tax stood at ₹2,650 crore, while consolidated Profit After Tax reached ₹2,003 crore. Consolidated EPS was reported at ₹5.34.
Aluminium Segment Drives Performance
NALCO’s aluminium business remained the key contributor to the company’s quarterly performance.
- Aluminium Segment Revenue: ₹4,149 crore
- Aluminium Segment Result: ₹2,597 crore
- Chemicals Segment Revenue: ₹1,570 crore
- Chemicals Segment Result: ₹271 crore
The company’s overall performance benefited from higher aluminium prices and improved operational efficiency in both segments.
NALCO Recommends ₹1 Final Dividend
The Board of Directors has recommended a final dividend of ₹1 per equity share for FY 2025-26, subject to approval by shareholders at the company’s upcoming Annual General Meeting.
The proposed dividend represents 20% of the ₹5 face value of each equity share. This is in addition to three interim dividends totalling ₹10.50 per share already paid during FY26.
With the final dividend, the total dividend for FY 2025-26 will stand at ₹11.50 per share, equivalent to 230% of the face value, subject to shareholder approval.
The record date for the final dividend has been fixed as August 24, 2026.
The dividend recommendation reflects the company’s strong financial position and reinforces NALCO’s track record as a consistent dividend-paying public sector enterprise. The Government of India holds a 51.28% stake in the company.
45th Annual General Meeting on August 31
NALCO will conduct its 45th Annual General Meeting (AGM) on August 31, 2026, at 11:00 AM through Video Conferencing and Other Audio-Visual Means.
The proposed final dividend will be subject to shareholder approval at the AGM and will be paid within 30 days of its declaration.
Board Appoints Cost Auditors for FY27
The Board has appointed M/s Tanmaya S. Pradhan & Co. and M/s S Dhal & Co. as Cost Auditors for the financial year 2026-27.
The appointments form part of the company’s compliance and cost audit requirements for the new financial year.
Wind Power Plants Dispute Remains Sub-Judice
NALCO has not recognised revenue from its two wind power plants in Rajasthan due to the non-execution of a fresh Power Purchase Agreement (PPA) since April 1, 2019.
The matter remains sub-judice before the High Court of Rajasthan.
Updates on Joint Ventures
NALCO currently has four joint ventures, including:
- Angul Aluminium Park
- GACL-NALCO Alkalies & Chemicals
- Khanij Bidesh India
- Utkarsha Aluminium Dhatu Nigam
The Board has consented to the winding up of Utkarsha Aluminium Dhatu Nigam Limited due to commercial unviability. The required clearance has been obtained from the Ministry of Mines.
In another development, NALCO has signed a 50:50 joint venture agreement with NLC India Limited to develop a 1,080 MW thermal captive power plant at Angul, Odisha.
Outlook for NALCO
NALCO’s strong Q1 FY27 results highlight the company’s improved profitability and operational performance amid supportive aluminium prices. With domestic demand for aluminium expected to remain resilient, the company will look to maintain its earnings momentum in the coming quarters.
However, global commodity market uncertainties and developments in aluminium prices will remain key factors for the company’s future performance.
About NALCO
National Aluminium Company Limited (NALCO) is a Navratna public sector enterprise under the Ministry of Mines, Government of India. It is one of India’s leading integrated producers of bauxite, alumina and aluminium and has operations across the aluminium value chain. NALCO plays an important role in India’s non-ferrous metals industry and contributes to the country’s mineral and aluminium production capabilities.
