NALCO , a leading player in the Indian aluminium sector, has announced its unaudited financial results for the second quarter and half year ended September 30, 2025, showcasing robust performance and a generous dividend payout for shareholders.

Financial Highlights

NALCO reported impressive standalone and consolidated profits for Q2 FY26:

These figures demonstrate NALCO's strong financial position and operational efficiency in the aluminium market.

Interim Dividend Declaration

NALCO's Board of Directors has approved an interim dividend of Rs. 4 per share, which represents 80% on the face value of Rs. 5 each for the financial year 2025-26. The total dividend payout amounts to Rs. 734.65 crore, highlighting the company's commitment to delivering value to its investors.

Key dates for the dividend payment are as follows:

• Record Date: November 14, 2025
• Payment Date: By December 6, 2025

Quarterly Performance Analysis

Comparing the Q2 FY26 results with the previous quarter (Q1 FY26), we observe:

While there is a noticeable decrease in revenue and profitability compared to the previous quarter, it's important to note that the aluminium industry often experiences cyclical trends and is subject to global market conditions.

Operational Challenges

NALCO continues to face challenges with two of its wind power plants in Rajasthan due to the non-execution of a Power Purchase Agreement. This matter is currently pending before the High Court of Rajasthan. The resolution of this issue could potentially impact the company's renewable energy initiatives and overall operational efficiency.

Market Outlook

Despite the quarter-on-quarter decline, NALCO's decision to declare a substantial interim dividend signals management's confidence in the company's financial stability and future prospects. The aluminium sector in India is poised for growth, driven by increasing domestic demand and government initiatives promoting infrastructure development.

As NALCO navigates through market fluctuations and operational challenges, investors and market analysts will be keenly watching how the company adapts its strategies to maintain its strong market position and capitalize on emerging opportunities in the aluminium industry.

NALCO , a prominent player in the Indian aluminium industry, has received a significant boost to its financial credibility. India Ratings and Research, a Fitch Group company, has assigned the coveted IND AAA/Stable/IND A1+ rating to NALCO's bank loan facilities worth INR 13,750 million.

Credit Rating Details

The credit rating breakdown for NALCO's bank loan facilities is as follows:

Significance of the Rating

The IND AAA rating is the highest long-term rating assigned by India Ratings, indicating the lowest expectation of default risk. This rating suggests that NALCO has exceptionally strong capacity for timely payment of financial commitments relative to other issuers in the country.

The 'Stable' outlook indicates that the rating is likely to remain unchanged in the near to medium term, reflecting the agency's confidence in NALCO's financial stability.

The short-term rating of IND A1+ also represents the highest rating category, demonstrating that the company has a superior ability for timely payment of short-term debt obligations and very low credit risk.

Implications for NALCO

This top-tier credit rating could potentially benefit NALCO in several ways:

1. Lower Borrowing Costs: The high credit rating may allow NALCO to access funds at more favorable interest rates.
2. Enhanced Market Reputation: It reinforces NALCO's strong financial position in the market.
3. Investor Confidence: The rating may boost investor confidence in the company's financial health and management.

Company's Disclosure

In compliance with SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, NALCO promptly informed the stock exchanges - BSE and NSE - about this credit rating development. The company has also made this information available on its official website, www.nalcoindia.com , ensuring transparency for all stakeholders.

As a Government of India Enterprise, NALCO's strong credit rating not only reflects positively on the company but also underscores the robust financial management practices in the public sector undertakings of India.

Investors and market watchers will likely view this rating affirmation as a positive indicator of NALCO's financial strength and its ability to meet financial commitments, especially in the context of the current economic landscape.