India · Delayed Price · Currency is INR National Aluminium Company Earnings Call Transcripts
Fiscal Year 2026
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Record operational and financial results in FY 2026 with strong growth in production, sales, and profitability. Alumina prices remain under pressure due to global oversupply, while aluminum prices are elevated but expected to normalize. Major CapEx and expansion projects are on track, with continued focus on cost control and value-added products.
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Record production and profitability were achieved in Q3 and nine months FY 2026, with revenue up 13% and EBITDA margin up 20% year-over-year. Alumina prices declined due to oversupply, but higher volumes and operational efficiencies offset the impact.
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Record H1 and Q2 results with strong growth in revenue, profit, and alumina sales, driven by higher production and efficiency. Major refinery and smelter expansions are on track, with robust cash reserves and disciplined capital allocation.
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Q1 FY26 saw 33% revenue and 77% PAT growth year-over-year, driven by strong production and sales across segments. Expansion projects remain on track, with the fifth stream refinery and new bauxite mine set to boost capacity by FY27. Cost control and value-added product focus support future growth.
Fiscal Year 2025
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Record financial results were achieved in FY 2025, with all-time highs in revenue, profit, and margins, supported by near-full capacity utilization and cost efficiencies. Expansion projects are progressing, with alumina and coal capacity increases expected by mid-2026, while market volatility and raw material risks remain key uncertainties.
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Record nine-month and Q3 profits, turnover, and EBITDA were achieved, driven by higher alumina and metal sales, improved realizations, and cost efficiencies. Major expansions in refinery and smelter are underway, with a shift to leveraging for funding. Global alumina surplus and price volatility remain key risks.