DBT Bureau
Pune, 3 May 2026
Shares of National Aluminium Company Limited showed a mixed-to-soft trend during April 2026, reflecting broader volatility in metal stocks. The stock started the month around the mid-range levels seen in late March, saw intermittent gains supported by firm alumina and aluminium prices, but faced profit booking in the latter half amid global commodity uncertainty. By the last trading session of April, the stock largely traded in a narrow band with limited net movement for the month, indicating consolidation after earlier gains, while investor sentiment remained tied to global metal price cues and China demand outlook.
National Aluminium Company Limited has once again rewritten its own record by delivering its highest-ever financial and operational performance in FY26, surpassing its previous best achieved last year.
NALCO has achieved a historic milestone by recording its highest-ever net profit(PAT) of ₹ 5816 crore, compared to ₹ 5,325 crore in the previous financial year, registering a robust year-on-year growth of 9.22%. The Company also reported its highest-ever revenue from operations of ₹17843 crore for FY26, surpassing last year’s revenue of ₹ 16,788 crore.
In the fourth quarter of FY26, the company has posted a net profit of ₹ 1718 crore, compared to ₹ 1601crore in the preceding quarter, marking an increase of 7%. Revenue from operations during the quarter stood at ₹ 5103 crore, as against ₹ 4731crore in the preceding quarter of FY26.
The stellar performance was driven by higher production volumes, improved realizations, and strengthened operational efficiencies across business units, highlighting the Company’s resilience in a dynamic market environment. Worth mentioning that in FY26, NALCO also achieved its best-ever operational performance since inception, setting new records across production and sales.
The Company recorded its highest-ever bauxite excavation at 77.01 lakh tonnes and bauxite transportation at 77.07 lakh tonnes. Alumina hydrate production reached 23.00 lakh tonnes, while calcined alumina production stood at 22.75 lakh tonnes.
Cast metal production registered an all-time high of 4.72 lakh tonnes, accompanied by a record net power generation of 6,953 MU and coal production of 40 lakh tonnes. On the sales front, NALCO delivered unprecedented results across keysegments. Total alumina sales reached 14.46 lakh tonnes, including 1.38 lakh tonnes of domestic alumina sales. Aluminium metal sales stood at 4.74 lakh tonnes, with the highest-ever domestic metal sales of 4.61 lakh tonnes.
Higher production volumes, favourable pricing, and our ability to effectively leverage market opportunities with strong operational discipline have driven this outstanding performance. Our continued focus on plant, people, and process efficiency has enabled us to consistently surpass targets,” said Brijendra Pratap Singh, CMD.
“This achievement reflects the dedication of our motivated workforce, supported by a strong emphasis on efficiency and cost optimisation, along with the guidance of the Ministry of Mines, Govt. of India and the continued cooperation of the Government of Odisha”, he added. Brijendra Pratap Singh also reaffirmed the Company’s commitment to long-term, sustainable growth through strategic expansions and operational excellence that will provide a strong foundation for resilient growth and further strengthen NALCO’s position.
The company has further announced 3rd interim dividend of ₹2 per equity share (40% on the face value of ₹5 each), amounting to ₹367.33 crore for FY26.
Strong FY26 earnings and record operational metrics are likely to support positive sentiment for National Aluminium Company Limited in the Monday (May 4, 2026) session. The 9.2% YoY profit growth, sequential Q4 improvement, and announcement of a ₹2 interim dividend could trigger buying interest, particularly from short-term and dividend-focused investo₹ However, upside may remain measured if global aluminium prices and broader metal sector cues stay volatile. Overall, the stock is expected to open firm with a mild positive bias, with movement dependent on commodity trends and market-wide sentiment.
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