National Aluminium Company Limited — Investor Meet, 04-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

NALCO reported best-ever FY26 results with Revenue up 6.28% to Rs.17,843 Cr and PAT up 9.22% to Rs.5,816 Cr, driven by record production and efficiency. Alumina sales surged, while metal sales also grew. For FY27, management targets increased alumina production (from the new 5th stream commissioning in June) and slightly higher metal output. Despite expected low alumina prices ($300-310 outlook), strong aluminium prices ($3000-3100 outlook) and cost controls are anticipated to support profitability. A new 0.5 MT smelter and power plant JV is planned for 2030, with capex starting significantly from FY28. The company remains confident in its growth and operational strengths.