National Aluminium Company (NATIONALUM) Q1 25/26 earnings summary

Executive summary

• Achieved strong operational and financial performance in Q1 FY26, with near 100% capacity utilization and significant year-over-year growth in production, sales, and profitability across bauxite, alumina, and aluminum segments.

• Maintains integrated operations and global cost leadership in bauxite and alumina production, with a zero-debt balance sheet supporting expansion plans.

• Unaudited standalone and consolidated financial results for the quarter ended 30 June 2025 were approved and published, with statutory auditor review confirming no material misstatements.

• Expansion projects progressing: Fifth stream alumina refinery and Pottangi bauxite mine to boost capacity in coming years.

• Final dividend of ₹2.50 per share recommended for FY 2024-25, in addition to ₹8.00 per share interim dividends already paid.

Financial highlights

• Revenue from operations rose 33.3% year-over-year to ₹3,807 crore in Q1 FY26; standalone net profit was ₹1,063.86 crore, up from ₹601.22 crore in Q1 FY25.

• PAT increased 77% year-over-year; EBITDA (excluding exceptional items) increased 62.4% to ₹1,616 crore.

• Consolidated revenue from operations for Q1 FY26 was ₹3,806.94 crore, with consolidated net profit at ₹1,049.48 crore.

• Basic and diluted EPS for Q1 FY26 stood at ₹5.79 (standalone) and ₹5.71 (consolidated).

• Alumina realization averaged $416/ton in Q1; other expenses rose due to higher RPO obligations, increased repair/maintenance, and transportation costs.

Outlook and guidance

• Fifth stream alumina refinery to be commissioned by June 2026, with 500,000 tons output expected in FY27 and full 1 million tons capacity thereafter.

• Pottangi bauxite mine to start by June 2026, adding 3.5 million tons capacity.

• FY26 alumina production guidance: ~23 lakh tons; sales volume expected at 12.5–12.8 lakh tons, with increased exports.

• Brownfield smelter expansion DPR to be completed within FY26; land acquisition and technology partner finalized.

• Global and Indian aluminium demand expected to grow, with Indian consumption projected at a CAGR of 6.3–7.2% till 2030.