NALCO Delivers Highest-Ever FY26 Profit of ₹5,816 Crore, Revenue Hits Record ₹17,843 Crore
Navratna PSU posts historic production across bauxite, alumina and aluminium; refinery expansion to fuel next growth cycle
National Aluminium Company Limited has posted its best-ever annual financial and operational performance in FY26, underlining the growing strength of India’s public sector metals giant amid global commodity volatility.
The Navratna PSU reported a record Profit After Tax (PAT) of ₹5,816 crore, registering a growth of over 9 percent compared to the previous fiscal, while revenue from operations touched an all-time high of ₹17,843 crore, up 6.28 percent year-on-year. EBITDA also climbed to ₹8,613 crore, reflecting sustained operational discipline and improved cost efficiencies.
NALCO’s robust annual earnings were powered by historic physical output across every core business vertical, making FY26 one of the strongest years in the PSU’s four-decade history.
The company achieved record bauxite excavation of 77 lakh tonnes, while alumina hydrate and calcined alumina production crossed 23 lakh tonnes and 22.75 lakh tonnes respectively. Cast metal production also hit an all-time high of 4.72 lakh tonnes. A sharp rise in captive coal output from the Utkal block and improved power generation further strengthened the company’s integrated low-cost production model.
NALCO said the stellar performance came despite moderation in global alumina prices, with profitability protected through higher volumes, better domestic sales realisation, lower raw material consumption and stronger energy efficiency.
In a major boost to future capacity, the PSU is now preparing to commission its 5th Stream Refinery Expansion from June 2026, which will add nearly 2 lakh tonnes of alumina output in the current year and scale up to around 1 million tonnes annually thereafter. Alongside this, the company is moving ahead with a new 0.5 million tonne aluminium smelter project, signalling an aggressive long-term expansion roadmap.
Management also indicated that NALCO’s cost competitiveness is improving structurally, aided by lower employee cost ratios, captive coal resources and enhanced operational automation — factors expected to cushion the impact of international price softness in FY27.
With domestic aluminium demand rising and fresh capacity coming onstream, NALCO appears firmly positioned to extend its record run into the current fiscal.
