NALCO delivered landmark financial results for the third quarter and nine months ended December 31, 2025, marking the company's best-ever performance across both operational and financial metrics. The Navratna CPSE under the Ministry of Mines demonstrated exceptional growth momentum despite challenging market conditions in the alumina sector.

Outstanding Financial Performance

The company's nine-month performance showcased remarkable financial discipline and growth. Revenue increased by 13% while expenditure rose by only 6%, demonstrating effective cost management strategies. This operational leverage resulted in significant margin expansion across key profitability metrics.

The revenue increase of approximately Rs. 2,000 crores was primarily driven by volume growth, with alumina contributing Rs. 1,600 crores and metal adding Rs. 410 crores to the revenue expansion.

Robust Production and Sales Volumes

NALCO achieved exceptional volume growth across its product portfolio during the nine-month period. The company's focus on maximizing production efficiency and plant utilization delivered substantial results in both alumina and aluminium segments.

The significant increase in alumina sales of 45% reflects the company's enhanced export capabilities and market penetration strategies. Metal sales growth of 5% demonstrates steady domestic market performance despite competitive pressures.

Pricing Environment and Market Dynamics

The company navigated challenging pricing conditions in the alumina market while benefiting from stronger aluminium prices. Alumina prices declined from approximately $562 to $385 on average, creating a negative impact of Rs. 1,652 crores. However, metal prices increased from $2,538 to $2,867, providing a positive impact of Rs. 781 crores.

Operational Efficiency Improvements

NALCO achieved significant cost savings through operational improvements and efficiency enhancements. The company reduced power and fuel costs by Rs. 142 crores and employee costs by Rs. 118 crores during the nine-month period.

Key efficiency improvements included reducing caustic soda consumption from 121 kg to 99 kg per unit, generating savings of Rs. 129 crores despite price increases. The company's captive coal production reached 4 million tons, providing cost advantages over external procurement.

Strategic Initiatives and Future Outlook

The company is advancing several strategic initiatives to enhance long-term growth prospects. The new alumina refinery is scheduled for commissioning in June 2026, with expected production of 3 lakh tons in the first year. NALCO is also exploring long-term contracts for the new refinery capacity with Middle East customers.

The company is developing critical mineral extraction capabilities from red mud through partnerships with NML Jamshedpur and BARC for gallium extraction from Bayer's liquid.

Quarterly Performance Highlights

Quarter-on-quarter comparison revealed consistent performance improvement with income increasing by Rs. 200 crores while expenditure rose by only Rs. 60-70 crores. Profit after tax improved from Rs. 2,121 crores to Rs. 2,131 crores, demonstrating sustained profitability.

The company maintained its aluminium cost of production within the Rs. 150,000 to Rs. 160,000 range, reflecting integrated operations with captive alumina supply. Domestic aluminium sales benefited from higher LME prices averaging above $2,800 compared to $2,500 in the previous year.

National Aluminium Company Limited has announced a senior management change following the superannuation of one of its Executive Directors. The company informed stock exchanges about this development in compliance with regulatory disclosure requirements.

Senior Management Change

The aluminium major reported that Shri Niranjan Samal, Executive Director (M&R), superannuated on January 31, 2026. The announcement was made through an official communication to both BSE Limited and National Stock Exchange of India Limited on February 1, 2026.

Regulatory Compliance

The intimation was filed under Regulation 30 of SEBI (LODR) Regulations, 2015, which requires listed companies to disclose material events and information that could impact investor decisions. The regulation specifically covers changes in senior management positions, defined as executives one level below the Board of Directors.

Official Communication

The notification was digitally signed by B. K. Sahu, Company Secretary and Compliance Officer of National Aluminium Company Limited. The communication was addressed to the listing departments of both major Indian stock exchanges where the company's shares are traded.

The company maintains its listing on BSE Limited under scrip code 532234 and on National Stock Exchange of India Limited under the symbol NATIONALUM. This regulatory filing ensures transparency regarding leadership changes that may be material to stakeholders and investors.