NALCO Q2 results: Net profit jumps 28% YoY to ₹1,835 crore; dividend declared of ₹4.5 per share

National Aluminum Co. Ltd., a navratna central public sector undertaking, will remain in focus on Tuesday after the company announced its quarterly results on Monday night. The shares closed 4% higher on Monday ahead of the results and opened in the red on Tuesday morning, down 1%.

The company announced its quarterly results for the period ended September 2026 and H1 of FY27. The revenue from operations for the quarter jumped 26% YoY to ₹5,419 crore, compared to ₹4,292 crore in the corresponding quarter of last year. The growth was largely driven by robust production volumes during the period.

The company said, “NALCO has achieved the highest-ever Aluminium Cast Metal Production of 2.35 lakh tonnes for the first half of FY 2026–27. Similarly, on the sales front, NALCO achieved its highest-ever cumulative domestic sales of Alumina and metal in H1 FY 2026–27. For the quarter ended September 2026, the company also recorded a net profit of ₹1,835 crore as compared to ₹1,433 crore in the same period last year.

Highest-ever H1 profits and revenue growth

The company’s press release said that NALCO has achieved its best-ever performance in half-yearly earnings for the first half of financial year 2026-2027 since inception. The company’s total income for H1 of 2026-27 stood at ₹11,143 crore as compared to ₹8,374 crore in the same period last year. Similarly, the EBITDA (earnings before interest, taxes, depreciation, and amortization) jumped 50% YoY to ₹5,539 crore, and the profit after tax also surged over 54% to ₹3,837 crore.

Management commentary

Speaking on the results, Shri Brijendra Pratap Singh, CMD, NALCO, said that the Company’s strong performance during Q2 and H1 of FY 2026-27 was driven by robust operational efficiency, strong physical performance, and favourable market conditions supported by prudent marketing strategies.

NALCO share price performance

The shares have largely remained unchanged in 2026, delivering +3.4% returns on a YTD basis. However, on a trailing twelve-month basis, the shares delivered robust returns of 36%.

Dividend announcement

Besides the quarterly earnings, the board of directors also approved an interim dividend of ₹4.5 per share with a record datee of November 6.