NALCO FY26: Record ₹17,843 Cr Revenue, ₹5,816 Cr PAT

Record year for a Navratna PSU

National Aluminium Company Limited (NALCO) said FY 2025-26 marked its highest-ever operational performance across key parameters. Chairman-cum-Managing Director Brijendra Pratap Singh attributed the outcome to record output and what the company described as robust market conditions. The operational peak translated into NALCO’s all-time highest revenue from operations, profit before tax (PBT), and profit after tax (PAT). The update was shared alongside outcomes from the company’s 45th Annual General Meeting (AGM). NALCO is a Navratna Central Public Sector Enterprise under the Ministry of Mines, Government of India.

Highest-ever output across mining, alumina, metal and power

NALCO reported record FY26 production across major operating lines, spanning bauxite, alumina, aluminium, captive coal and power generation. Bauxite excavation stood at 77.01 lakh tonnes for the year. Alumina hydrate production was 23.00 lakh tonnes, while calcined alumina production reached 22.75 lakh tonnes. Aluminium cast metal production was reported at 4.72 lakh tonnes. The company also disclosed coal production (Utkal-D&E) of 40.00 lakh tonnes and net power generation of 6,953 million units.

Sales volumes: alumina and aluminium metal

Along with the production milestones, the company reported sales volumes for key products. Total alumina sales were 14.46 lakh tonnes. Aluminium metal sales were 4.74 lakh tonnes. These operating metrics provide context for the year’s financial record, particularly for revenue from operations and EBITDA. NALCO also cited improved performance in its aluminium segment in FY26.

FY26 financial results hit new highs

NALCO reported revenue from operations of ₹17,843 crore in FY 2025-26, a year-on-year increase of 6% (also reported as 6.3% YoY in the company’s disclosures). EBITDA came in at ₹8,613 crore, up 9% YoY. Profit before tax was ₹7,767 crore, up 9% YoY. Profit after tax stood at ₹5,816 crore, up about 9% YoY (reported as ₹5,815.76 crore, up 9.22% YoY).

The company also disclosed segment movement: aluminium segment performance increased 16.5% to ₹12,945 crore, while the chemicals segment declined 12% to ₹6,694 crore during FY26.

Dividends: ₹11.50 per share total for FY26

NALCO reported paying an interim dividend of ₹10.50 per equity share during FY 2025-26 in three tranches, amounting to ₹1,928.46 crore. In addition, shareholders at the 45th AGM approved a final dividend of ₹1.00 per equity share, with an outgo of ₹183.66 crore. This takes the total dividend for FY26 to ₹11.50 per share, amounting to ₹2,112.12 crore. The company also stated the total dividend payout represents 230% of the paid-up share capital.

On a cash basis, NALCO reported total dividend payout of ₹2,020.29 crore, reflecting 10% year-on-year growth. Dividend payout as a percentage of PAT was reported at 36.32% for FY26, compared with 36.21% in the previous year. The Government of India received ₹1,036 crore as its 51.28% share of the dividend.

Key operational and financial numbers at a glance

Dividend dates and tranches disclosed

NALCO disclosed key dates for its final dividend and also provided a per-share split of interim tranches for FY26. The company stated the final dividend of ₹1.00 per share was declared on 31/07/2026, with an ex-date and record date of 24/08/2026. It also noted that the final dividend would be paid within thirty days from the date of declaration if approved by the AGM. For interim dividends in FY26, the company listed three tranches of ₹4.00, ₹4.50, and ₹2.00 per share, adding up to ₹10.50 per share.

45th AGM: audited accounts approved, board changes cleared

NALCO’s shareholders approved the adoption of audited financial statements for FY26 and declared the final dividend at the 45th AGM. The meeting was held virtually on August 31, 2026, starting at 11:00 am and concluding at 12:50 pm. According to the company, all ordinary and special business items were approved unanimously. Key approvals included re-appointment of Jagdish Arora as Director, appointment of Anil Kumar Singh as Director (Commercial), and appointment of Neeraj as Independent Director. The agenda also included confirmation of interim dividends paid earlier in the year.

Why FY26 stood out: output scale plus market conditions

NALCO linked its record financial year to record operational output across mining, refining, smelting, captive coal and power. Higher production and sales volumes typically support stronger revenue realisation, especially when market conditions are supportive, as the company noted. The FY26 disclosure also highlighted that the aluminium segment improved significantly, with a reported increase to ₹12,945 crore. At the same time, the chemicals segment saw a reported decline to ₹6,694 crore, indicating a mixed segment backdrop within the overall record year.

Market impact: what the numbers mean for shareholders

For investors tracking PSU metals, the FY26 result set is notable for the combination of record profitability and a sizeable dividend payout. NALCO reported a total dividend of ₹11.50 per share for FY26, aggregating to ₹2,112.12 crore and a payout ratio of 36.32% of PAT. The final dividend schedule also disclosed a clear record date of 24 August 2026, which determines shareholder eligibility for the FY26 final dividend. The AGM approvals close the loop on audited accounts and dividend declaration, providing formal shareholder backing to the company’s FY26 actions.

Conclusion

NALCO closed FY 2025-26 with record operating output and its highest-ever revenue, EBITDA, PBT and PAT, alongside a total dividend of ₹11.50 per share. Shareholders approved the audited FY26 financial statements and the final dividend at the virtual 45th AGM held on August 31, 2026. The company has stated the final dividend will be paid within thirty days from the date of declaration if approved by the AGM, aligning the next step to the post-declaration payment timeline.