National Aluminium Company Ltd — earnings calls

NALCO reported total income growth of around 39% year-on-year in Q1 FY27, rising from INR3,930 crores to INR5,400 crores, with PBT up around 88% and EBITDA up around 78%. Management attributed the growth to improved volumes across bauxite, hydrate and wind power production, alongside higher alumina realizations. The company also discussed delays in the 5th Stream refinery commissioning, rising input costs for caustic soda, CP coke and HFO, and progress on its 0.5 million ton smelter expansion and captive coal mine ramp-up.

NALCO reported its best-ever annual performance for FY26, with revenue from operations rising to Rs.17,843 crores from Rs.16,788 crores and PAT growing to Rs.5,816 crores from Rs.5,325 crores. Management attributed the gains to record volumes across bauxite, alumina and metal production even as average alumina realizations fell from around $580 to around $370 per tonne. The company also discussed its 5th stream alumina refinery commissioning timeline, a planned 0.5 million tonne aluminium smelter with an associated power plant, and cost trends across coal, caustic soda and other inputs.