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National Aluminium Company (NATIONALUM) investor relations material

National Aluminium Company Q1 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 25/26 earnings summary8 Aug, 2025

Executive summary

  • Q1 FY26 delivered strong operational and financial performance, with production and sales volumes exceeding rated capacities in key segments and global cost leadership in bauxite and alumina production.

  • Integrated bauxite-to-aluminium operations and zero debt leverage support ongoing expansion in smelter, power, and mining segments.

  • Unaudited standalone and consolidated financial results for the quarter ended 30 June 2025 were approved, with no material misstatements found by auditors.

  • Focus remains on increasing value-added product output, cost optimization, environmental stewardship, and robust CSR initiatives.

  • Final dividend of ₹2.50 per share recommended for FY 2024-25, totaling ₹10.50 per share including interim dividends, subject to AGM approval.

Financial highlights

  • Standalone revenue from operations for Q1 FY26 was ₹3,806.94 crore, up 33% year-over-year; EBITDA (excluding exceptional items) increased 62.4% to ₹1,616 crore.

  • Standalone net profit for Q1 FY26 was ₹1,063.86 crore, up 77% year-over-year; consolidated net profit was ₹1,049.48 crore.

  • Alumina realization for the quarter averaged $416 per ton.

  • Cost of production for alumina was INR 20,000–21,000 per ton; aluminum cost was INR 150,000–160,000 per ton.

  • Operating expenses rose 20.4% year-over-year to ₹2,315 crore; other expenses increased due to higher RPO obligations, transportation, and export volumes.

Outlook and guidance

  • Expansion projects for alumina refinery and bauxite mines are on track, with commissioning expected by June 2026 and ramp-up to full capacity within six months.

  • FY26 alumina production guidance is 23 lakh tons, with exports increasing by 5 shipments year-over-year.

  • Cost of production expected to remain stable or decline due to improved techno-economic performance.

  • Indian aluminium demand expected to grow at a CAGR of 6.3–7.2% till 2030, with expansion projects in bauxite, alumina, and smelter capacities to drive future growth.

  • Final dividend of ₹2.50 per share for FY 2024-25, totaling ₹10.50 per share including interim dividends, subject to AGM approval.

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