National Aluminium Company Limited (NALCO) reported a strong financial performance for the second quarter of FY27, with its consolidated net profit rising 28.3% year-on-year (YoY) to ₹1,835.05 crore, compared with ₹1,429.94 crore in the corresponding quarter of the previous financial year.
The company’s consolidated revenue from operations increased 26.3% YoY to ₹5,419.44 crore in Q2 FY27, against ₹4,292.34 crore in Q2 FY26. The growth was supported by stronger performance in the aluminium business, which offset weaker earnings from the chemicals segment.
The Board of Directors also approved an interim dividend of ₹4.50 per equity share for FY27.
NALCO Q2 Results : Key Financial Highlights
Consolidated Performance (Q2 FY27)
- Revenue from operations: ₹5,419.44 crore, up 26.3% YoY.
- Net profit: ₹1,835.05 crore, up 28.3% YoY.
- Profit before tax: ₹2,471.34 crore.
- EBITDA: Approximately ₹2,410.56 crore.
- Earnings per share (EPS): ₹9.99, compared with ₹7.79 in Q2 FY26.
Standalone Performance (Q2 FY27)
- Revenue from operations: ₹5,419.44 crore, compared with ₹4,292.34 crore a year ago.
- Net profit: ₹1,835.09 crore, compared with ₹1,433.17 crore in Q2 FY26.
- Profit before tax: ₹2,471.34 crore.
- Total expenses: ₹3,196.18 crore, up from ₹2,548.58 crore in the year-ago quarter.
Aluminium Segment Drives Revenue Growth
NALCO’s aluminium business remained the key contributor to its quarterly performance. Standalone aluminium segment revenue increased 44.6% YoY to ₹4,164.54 crore, compared with ₹2,880.35 crore in the corresponding quarter last year.
The segment’s profit before tax, exceptional items and interest rose approximately 73% to ₹2,058.15 crore from ₹1,189.37 crore a year earlier, reflecting stronger earnings from the aluminium business.
In contrast, the chemicals segment reported a decline. Its revenue fell 7.7% YoY to ₹1,692.57 crore, while segment profit declined 54.8% to ₹281.90 crore.
Profit Declines on a Sequential Basis
Despite the year-on-year growth, NALCO’s consolidated net profit declined 8.4% compared with ₹2,003.14 crore in Q1 FY27. Revenue from operations, however, increased 2.2% quarter-on-quarter from ₹5,302.38 crore.
Operating EBITDA declined sequentially, while the operating margin also moderated from the preceding quarter. This indicates some pressure on profitability compared with the strong performance reported in Q1 FY27.
NALCO Declares Interim Dividend of ₹4.50 Per Share
Alongside its quarterly results, the company’s Board approved an interim dividend of ₹4.50 per equity share, representing 90% of the face value of ₹5 per share, for FY27.
NALCO has fixed November 6, 2026, as the record date to determine eligible shareholders. The dividend payment is scheduled to be made on or before December 1, 2026.
Conclusion
NALCO delivered healthy year-on-year growth in revenue and net profit during Q2 FY27, supported by strong performance in its aluminium segment. However, the sequential decline in profit and weaker chemicals segment performance remain important aspects of the quarterly results.
The interim dividend announcement was another key development alongside the company’s financial performance.
Source: NALCO’s unaudited standalone and consolidated financial results and board meeting outcome filed with the stock exchanges on November 2, 2026.
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