Synopsis: Shares of this metal stock is up by 8% after its strong Q2 results announced on 7 November 2025, where its Net profit surged by 37% YoY due to its revenue growth of 7.3% YoY & more.
The shares of one of the country’s largest bauxite, alumina, aluminium and power complex were in focus after it soared upto 13 percent in the day’s trade upon declaring its Q2FY26 results with a 37% growth in profit YoY & interim dividend declaration
With market capitalization of Rs.46,595.35 crore the share of National Aluminium Company Ltd has closed today at Rs.257.35 per share is up by 9.64% after gap up open of 2.49% from yesterday’s close price of Rs.234.4 and made high of Rs.259.65
QoQ view
The EBITDA of the company grew by 28.52% from Rs.1,616cr in Q1FY26 to Rs.2,077cr in Q2FY26. Net profit of the company rose by 34% from Rs. 1,064cr in Q1FY26 to Rs. 1,433cr. in Q2FY26. The revenue grew by 12.57% from Rs.3,786cr. in Q1FY26 to Rs.4,262cr. in Q2FY26.
YoY view
The EBITDA of the company grew by 28.1% from Rs.1,621cr. in Q2FY25 to Rs.2,077cr in Q2FY26. Net profit of the company rose by 34.9% from Rs. 1,062cr in Q2FY25 to Rs. 1,433cr. in Q2FY26. The revenue grew by 7.3% from Rs.3,973cr in Q2FY25 to Rs.4,262cr in Q2FY26.
Also the board of directors have approved issuing an interim dividend of Rs. 4 per equity share with a face value of Rs.5 and declared November 14th 2025, as the record date for the same to determine eligible shareholders.
During the second quarter of FY26, NALCO recorded a robust growth in Alumina sales, with international volumes rising by 33% from Rs. 274.4cr in Q2FY25 to Rs. 365.1cr in Q2FY26 and domestic sales surging by an impressive 191% YoY.
Zero debt leverage gives strength to the balance sheet to fund Smelter & Power expansion plans. The company has made Raw Material Securitization(process of converting illiquid assets into marketable securities) – Bauxite, Coal and Caustic Soda. Expanded Refinery capacity to protect the bottom line in case of London Metal Exchange downswing.
Coming to the revenue breakup out of the total revenue generated in Q2FY25 i.e., Rs. 4,715 Crores, a major part of the revenue Rs. 2,880 Crores(61%), was generated from the aluminium segment and Rs. 1,834 Crores(39%) from the Chemical segment.With ROCE of 43.7% & ROE of 32.6, reflects an efficient resource allocation strategy & ability of the company to generate shareholder wealth.
National Aluminium Company Limited (NALCO), a Navratna CPSE under the Ministry of Mines, was established in 1981 with headquarters in Bhubaneswar. It is India’s leading integrated producer of bauxite, alumina, aluminium, and power.
Written by Gourav Pratap Singh
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