NALCO Files Official FY26 Results: Record ₹5,816 Cr Profit, Third Interim Dividend
NALCO officially filed its audited FY26 financial results with stock exchanges under SEBI Regulation 33, reporting record net profit of ₹5,815.76 crore representing 9.22% growth. The Board approved third interim dividend of ₹2 per share amounting to ₹367.33 crore with record date of May 8, 2026. Statutory auditors issued unmodified opinion despite emphasis on wind power plant revenue issues and new labour code provisions.

*this image is generated using AI for illustrative purposes only.
National Aluminium Company Limited officially filed its audited financial results for FY26 with BSE and NSE under SEBI Regulation 33, confirming record-breaking performance across key financial metrics. The Navratna CPSE under the Ministry of Mines achieved its highest-ever net profit of ₹5,815.76 crore, representing a robust 9.22% growth from ₹5,324.67 crore in the previous year.
Official Board Meeting and Regulatory Filing
The Board of Directors approved the audited financial results at its meeting held on April 30, 2026. Company Secretary B.K. Sahu filed the official disclosure with both stock exchanges under Regulation 33 of SEBI (LODR) Regulations, 2015. The statutory auditors, B M Chatrath & Co LLP and SRB & Associates, issued an unmodified audit opinion on the standalone and consolidated financial results.
| Filing Details: | Information |
|---|---|
| Filing Date: | April 30, 2026 |
| Regulation: | SEBI Regulation 33 |
| Meeting Duration: | 10:00 Hours to 14:30 Hours |
| Filed By: | B.K. Sahu, Company Secretary |
Record-Breaking Annual Financial Performance
NALCO's FY26 results demonstrate exceptional operational excellence and market positioning. The company achieved significant growth across all major financial parameters, with total income reaching ₹18,508.88 crore compared to ₹17,144.64 crore in FY25.
| Annual Financial Metric: | FY26 (₹ in Crore) | FY25 (₹ in Crore) | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | 17,843.05 | 16,787.63 | +6.28% |
| Total Income: | 18,508.88 | 17,144.64 | +7.96% |
| Net Profit: | 5,815.76 | 5,324.67 | +9.22% |
| Earnings Per Share: | ₹31.67 | ₹28.99 | +9.24% |
Q4 FY26 Quarterly Performance
The fourth quarter showed revenue from operations at ₹5,012.82 crore against ₹5,267.83 crore in Q4 FY25. Sequential quarterly performance showed improvement with Q4 FY26 net profit of ₹1,717.71 crore compared to ₹1,601.02 crore in Q3 FY26, marking a 7.29% quarter-on-quarter increase.
| Q4 Performance Metric: | Q4 FY26 | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue from Operations: | ₹5,012.82 Cr | ₹4,730.95 Cr | ₹5,267.83 Cr |
| Net Profit: | ₹1,717.71 Cr | ₹1,601.02 Cr | ₹2,078.37 Cr |
| Earnings Per Share: | ₹9.35 | ₹8.72 | ₹11.32 |
Third Interim Dividend Declaration
The Board of Directors approved the payment of a third interim dividend of ₹2.00 per share (40% on face value of ₹5 each) for FY26, amounting to ₹367.33 crore. The company has fixed Friday, May 8, 2026 as the Record Date for payment of this dividend. The payment shall be made on or before May 30, 2026 to all eligible shareholders.
| Dividend Details: | Information |
|---|---|
| Third Interim Dividend: | ₹2.00 per share (40%) |
| Total Amount: | ₹367.33 crore |
| Record Date: | May 8, 2026 |
| Payment Date: | On or before May 30, 2026 |
| Total FY26 Interim Payout: | ₹1,561.13 crore |
Segment-wise Performance Analysis
The company's segment-wise performance showed strong results across both major business verticals. The Chemicals segment generated revenue of ₹6,694.25 crore with profit before tax of ₹2,034.16 crore, while the Aluminium segment achieved revenue of ₹12,944.71 crore with profit before tax of ₹5,564.28 crore.
| Segment Performance: | Chemicals (₹ Cr) | Aluminium (₹ Cr) |
|---|---|---|
| FY26 Revenue: | 6,694.25 | 12,944.71 |
| FY25 Revenue: | 7,607.44 | 11,113.16 |
| FY26 Profit Before Tax: | 2,034.16 | 5,564.28 |
| FY25 Profit Before Tax: | 3,227.71 | 4,045.51 |
Auditor's Emphasis and Regulatory Matters
The auditors drew attention to two matters in their report: non-recognition of revenue from two wind power plants in Rajasthan since April 1, 2019 due to no fresh Power Purchase Agreement, and provisional assessment of ₹20.30 crore for obligations arising from new labour codes effective from November 21, 2025. The auditors' opinion remains unmodified on these matters.
The company has also received Board consent for winding up Utkarsha Aluminium Dhatu Nigam Limited, a joint venture company, due to commercial unviability, pending clearance from Ministry of Mines and DIPAM.
Historical Stock Returns for NALCO
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.85% | -8.41% | +7.63% | +67.70% | +153.36% | +516.68% |
How will the winding up of Utkarsha Aluminium Dhatu Nigam Limited impact NALCO's future expansion strategy in the aluminium sector?
What steps is NALCO taking to resolve the wind power plant revenue recognition issue and secure new Power Purchase Agreements in Rajasthan?
Given the chemicals segment's revenue decline from ₹7,607 crore to ₹6,694 crore, what strategic initiatives will NALCO implement to revive this business vertical?


































