NALCO’s earnings call on January 30, 2026, reviewed the company’s performance. Q3 FY26 saw significant production increases in alumina hydrate and metal. Sales also rose sharply, particularly in domestic alumina sales, reflecting strong operational outcomes. Key projects and strategic initiatives are underway to enhance productivity and efficiency, and drive sustainable growth. The company is also dedicated to community and environmental responsibility.
Company Overview
NALCO (National Aluminium Company Limited) is a Navratna CPSE (Central Public Sector Enterprise) with the Government of India holding a 51.28% stake. It operates an integrated bauxite-alumina-aluminium-power-coal complex and is a global leader in producing bauxite and alumina at a low cost.
Production Performance
Key production metrics for Q3 FY26 include:
- Bauxite: 1997 thousand tonnes.
- Alumina Hydrate: 574 thousand tonnes.
- Metal: 120 thousand tonnes.
- Thermal Power: 1776 MU.
Sales Performance
Key sales metrics for Q3 FY26 are:
- Alumina Export: 363.3 thousand tonnes.
- Alumina Domestic: 39.6 thousand tonnes.
- Metal Export: 7.1 thousand tonnes.
- Metal Domestic: 119.3 thousand tonnes.
Financial Highlights
Key financial figures for Q3 FY26:
- Net Sales: ₹4,700 Crore
- Revenue from Operation: ₹4,731 Crore
- Total Income: ₹4,925 Crore
- EBIDTA: ₹2,374 Crore
- PBT: ₹2,132 Crore
- PAT: ₹1,601 Crore
Year-to-Date Highlights (Upto Q3 FY26)
- Net Sales: ₹12,748 Crore
- Revenue from Operation: ₹12,830 Crore
- Total Income: ₹13,299 Crore
- EBIDTA: ₹6,066 Crore
- PBT: ₹5,456 Crore
- PAT: ₹4,098 Crore
Industry Outlook
The LME aluminium prices are expected to be impacted by geopolitical tensions, supply-side constraints and demand growth in industrial sectors. Prices are projected to average around US$ 2670/MT for CY 2026. Indian Aluminium demand is growing at a CAGR of around 9% in last 05 years and is expected to continue its growth trajectory.
Business Highlights and Projects
NALCO is focusing on:
- Enhancing productivity by optimizing the use of installed capacities.
- Driving cost efficiency through specific consumption reductions.
- Building a sustainable competitive advantage via secured raw material linkages.
- Expanding refinery capacity to protect the bottom line during LME downswings.
- Adding smelter capacity to support extrusions and value-added products.
- Strengthening operational efficiency.
Major Projects
Key expansion projects include:
- Bauxite Mines: Expansion of Pottangi mines to 3.5 MTPA, likely opening in May 2026.
- Alumina Refinery: Expansion of the 5th stream alumina refinery, likely commissioning in June 2026.
- Aluminium Smelter: Expansion of aluminium smelter, likely commissioning in August 2030.
- Captive Power Plant: Expanding capacity to 1,080 MW, likely commissioning in June 2031.
Responsible and Resilient
NALCO is committed to social responsibility with a CSR budget of ₹91.19 Crore for FY 2025-26, focusing on education, healthcare, and rural development.
Source: BSE
