NALCO posts historic Q3 FY26 profit as nine-month performance sets new benchmarks

Under the Ministry of Mines and one of India’s leading alumina and aluminium producers and exporters, National Aluminium Company Limited (NALCO), a Navratna Central Public Sector Enterprise, reported the quarterly net profit, which is deemed to be the highest in its history. Q3 FY26, ending with December, reflecting both operational and financial performance, gained a net profit of INR 16.01 billion (USD 175 million), reflecting a difference of 1.1 per cent, where in the same quarter last year, the numbers stood at INR 15.83 billion (USD 172 million).

Total income

NALCO's Q3 FY26 financial results, as per the review taken by the Board at its meeting, which took place in Bhubaneswar, recorded that the firm made a total income of INR 49.25 billion (USD 535 million). If this number is compared with the same period last year, the firm showed a total income of INR 47.61 billion (USD 518 million), indicating a difference of INR 1.64 billion or 3.3 per cent.

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Net profit & revenue

From the operations of the nine months ending with December 2025, the net profit and revenue stood at INR 40.98 billion (USD 445 million) and INR 128.30 billion (USD 1.39 billion), respectively. If compared to the same timeline with the previous year, the firm's net profit and revenue stood at INR 32.46 billion (USD 0.35 billion) and INR 115.20 billion (USD 1.25 billion), respectively.

This performance directly reflects an increase of 26 per cent year-on-year growth in terms of net profit and an 11 per cent increase in terms of revenue generated from operations. These results mark the firm’s highest-ever revenue from operations and in the same quarter, as well as the Profit After Tax gained during Q3 and the nine-month period of FY26.

Production performance

In the first nine months of FY25-26, the Navaratna company, alongside the financial performance, has achieved its highest production levels spanning the entire operational segments. Product-wise production stood at 5.66 million tonnes of bauxite, 1.727 million tonnes of alumina hydrate, and 0.354 million tonnes of aluminium cast metals, besides the highest-ever recorded net power generation.

During this same period, the company celebrated record sales of both alumina and aluminium metal, with domestic aluminium sales reaching new heights. This success is a clear testament to strong market demand and the company's commitment to its operational excellence.

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Overall

The financial result of the firm, which has been recently released, does not talk much about specifics about EBITDA, EBIT, margins, or EPS. However, the year-on-year growth in terms of revenue and PAT indicates that the company is becoming efficient and is laying out its products in the market.

Management credited this success to cost optimisation, smart margin management and increased volumes, which all point to a solid underlying operational performance.

Leader’s speak

Shri Brijendra Pratap Singh, CMD, NALCO, after achieving a strong result, commented that the firm’s performance is directly linked with its dedication and employee commitments alongside the sustained focus on cost optimisation, quality enhancement and margin management.

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In this comment, Mr Singh further states that there is a boost in performance, which is mainly due to better metal prices, increased production of both alumina and aluminium and a more efficient use of their captive coal resources.

Looking forward, he emphasised that the company’s focus will be on executing project expansions on time, driven by innovation, Industry 4.0 technologies, research and development and initiatives aimed at reducing carbon emissions to support sustainable growth in the long run.

However, he acknowledges the guidance and backing received from the Ministry of Mines, Government of India and the ongoing support from the Government of Odisha, which has been crucial in the firm’s pursuit of business excellence.

On a separate note, the firm has also declared a second interim dividend of INR 4.50 (USD 0.05) per share for FY 2025–26.

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