| Management target | Revenue FY31 |
|---|
| Revenue growth | H1 revenue reached record-high ₹11,143 Cr, strong organic performance. |
|---|---|
| Margins | Cost pressures from caustic soda partially offset by techno-economic efficiencies. |
| Demand visibility | Strong alumina demand expected from Middle East and Indonesian smelters. |
| Management confidence | Balanced; highlighting record profits while acknowledging raw material cost pressures. |
Growth
H1 net profit jumped 54% YoY to ₹3,837 Cr; H1 revenue hit record ₹11,143 Cr.
Outlook
Fifth stream refinery commissioning in early 2027 to add 1 million tonnes capacity.
Risks
Rising caustic soda and fuel oil prices remain structural headwinds impacting margins.
Last quarter's promises, checked
Delivered
- Guided Q2 alumina ~$370/t → H1 avg $370–375/t (= BEAT)
Partly delivered
- Guided FY27 PAT ₹6,000+ Cr → H1 ₹3,837 Cr (= PARTIAL)
- Guided 4.8 MT captive coal FY27 → still a target; Q1 8.80 lakh t (= PARTIAL)
- Guided Pottangi output Oct-26 → local resistance ongoing (= PARTIAL)
Missed
- Guided 5th-stream mech. completion Sep-26, output Nov–Dec-26 → commissioning early 2027 (= MISS)
Earnings Call Transcript filed with NSE, NSE: NATIONALUM. Summary written with AI assistance from the document.
National Aluminium Company Ltd: key numbers
- Share price
- ₹326.25
- Market cap
- ₹59,920 Cr
- Revenue (annual)
- ₹17,843 Cr
- Net profit (annual)
- ₹5,797 Cr
- P/E (TTM)
- 8.4×Sector 17.1×
- Promoter holding
- 51.28%+0.00% QoQ
- FII holding
- 21.98%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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