NALCO has responded to the Bombay Stock Exchange's (BSE) inquiry regarding the recent volume movement in its shares. The company has affirmed its commitment to transparency and regulatory compliance in a clarification letter dated November 11, 2025.

Key Points

• NALCO stated that it has made all material disclosures as required under SEBI regulations and has not withheld any information that could affect price or volume behavior.

• The company disclosed its unaudited financial results for the quarter and half year ended September 30, 2025 to stock exchanges on November 7, 2025.

• NALCO's Board of Directors approved a 1% interim dividend of Rs. 4.00 per share (80% on face value of Rs. 5.00 each) for the financial year 2025-26.

• The company attributed the increased trading volume to market-driven factors.

• NALCO reaffirmed its commitment to the highest standards of governance and disclosures.

Regulatory Compliance

The aluminum major emphasized its promptness in making all material disclosures as specified in Part-A of Schedule-III of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Statement

NALCO's Company Secretary and Compliance Officer, B. K. Sahu, signed off on the clarification, reassuring stakeholders of the company's adherence to regulatory obligations and transparency in its operations.

This clarification comes in response to BSE's inquiry about the volume movement in NALCO shares, demonstrating the company's proactive approach to addressing market concerns and maintaining investor confidence.

NALCO saw its shares jump nearly 8% following the release of its impressive quarterly results and a dividend announcement. The state-owned aluminium producer reported significant growth across key financial metrics, demonstrating robust performance in the face of market challenges.

Financial Highlights

NALCO's financial performance showed remarkable improvement, with net profit surging 36.7% year-on-year to ₹1,430.00 crore. The company's revenue also saw a substantial increase of 31.5%, reaching ₹4,292.00 crore. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 24.8% to ₹1,932.90 crore, while EBITDA margins improved significantly from 38.7% in the previous year to 45.00% in the current quarter.

Dividend Announcement

In a move that is likely to please shareholders, NALCO's board has approved an interim dividend of ₹4.00 per equity share. This dividend payout amounts to a total of ₹734.65 crore, reflecting the company's strong financial position and commitment to delivering value to its investors.

Future Outlook

NALCO's management has provided insights into their expectations for the aluminium market. They anticipate that LME (London Metal Exchange) aluminium prices will average around $2,670.00 per tonne in calendar year 2026. This projection suggests a cautiously optimistic outlook for the medium term.

Expansion Plans

The company is making progress on its strategic growth initiatives. NALCO's alumina refinery expansion project is reportedly on track, aiming to increase capacity by 1 million tonnes per annum. This expansion will bring the total capacity to 3.1 MTPA (Million Tonnes Per Annum). The company expects to commission this expanded capacity by June 2026, potentially positioning NALCO for increased production and market share in the coming years.

Market Response

The strong quarterly results and positive future outlook have been well-received by the market, as evidenced by the nearly 8% jump in NALCO's share price. This surge reflects investor confidence in the company's performance and growth prospects.

NALCO's robust financial results, coupled with its expansion plans and dividend announcement, paint a picture of a company that is navigating the challenges of the aluminium industry while focusing on growth and shareholder returns. As the global demand for aluminium continues to evolve, NALCO's strategic initiatives and financial strength may position it well to capitalize on future opportunities in the sector.