NALCO Q3 FY25-26 Results: Profit Growth, Strong Dividend Declaration
Bhubaneswar, January 30, 2026: National Aluminium Company Limited (NSE: NATIONALUM, BSE: 532234), a Navratna PSU under the Government of India, announced its standalone and consolidated unaudited financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2025, today. The Board also approved a substantial second interim dividend for shareholders.
Financial Performance Snapshot (Standalone - Quarter Ended Dec 2025)
| Parameter | Q3 FY26 (Unaudited) | Q3 FY25 (Unaudited) | % Change YoY |
|---|---|---|---|
| Revenue from Operations | ₹ 4,730.95 Crore | ₹ 4,662.22 Crore | +1.47% |
| Net Profit | ₹ 1,601.02 Crore | ₹ 1,582.90 Crore | +1.14% |
| Profit Before Tax (PBT) | ₹ 2,131.64 Crore | ₹ 2,121.90 Crore | +0.46% |
| Earnings Per Share (EPS) | ₹ 8.72 | ₹ 8.62 | +1.16% |
Strong Nine-Month Performance (Apr-Dec 2025)
For the nine-month period of FY26, NALCO reported a robust Standalone Revenue of ₹12,830.23 Crore and a Net Profit of ₹4,098.05 Crore. This represents significant growth compared to a Net Profit of ₹3,246.30 Crore in 9M FY25.
Second Interim Dividend Declaration
In a major announcement for investors, the Board declared a Second Interim Dividend of ₹4.50 per equity share (face value ₹5 each), translating to a 90% payout for FY 2025-26. This dividend amounts to a total payout of approximately ₹826.48 Crore.
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Record Date: February 6, 2026
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Payment Date: On or before March 1, 2026
This follows a first interim dividend of ₹4.00 per share paid in December 2025. The company clarified that all dividend payments will be made only through electronic modes as per the new SEBI regulations.
Segment-Wise Performance (Q3 FY26)
NALCO's performance was led by its core segments:
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Aluminium Segment: Revenue of ₹3,461.50 Crore with a segment result (profit) of ₹1,582.41 Crore.
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Chemicals Segment: Revenue stood at ₹1,656.78 Crore with a profit of ₹512.94 Crore.
Consolidated Results
On a consolidated basis, which includes four joint ventures, the company reported a Net Profit of ₹1,595.15 Crore for Q3 FY26, with an EPS of ₹8.69.
Auditors' Review and Key Observations
The results were reviewed by the joint statutory auditors, SRB & Associates and BM Chatrath & Co. LLP. Their report highlighted two key matters:
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Wind Power Plant Revenue: The company has not recognized revenue from two wind power plants in Rajasthan due to pending Power Purchase Agreement (PPA) renewal, a matter sub-judice in the Rajasthan High Court.
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New Labour Code Impact: The financial impact of the New Labour Codes effective November 21, 2025, is under assessment. The company has accounted for gratuity implications, and other impacts will be recognized after related rules are notified.
Management Statement
The results were approved by the Board led by Shri Brijendra Pratap Singh, Chairman-cum-Managing Director. The consistent performance underscores NALCO's operational strength in the aluminium and chemicals sectors.
About NALCO
National Aluminium Company Limited (NALCO) is a Navratna CPSE under the Ministry of Mines, Government of India. It is Asia's largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting, casting, power generation, and a rail transportation network.
For further information, please contact:
Shri B.K. Sahu
Company Secretary & Compliance Officer
NALCO, Nalco Bhawan, Bhubaneswar - 751013
Email: company_secretary@nalcoindia.co.in | Website: www.nalcoindia.com