National Aluminium Company Limited Announces Q1 Results, Recommends Dividend, and Appoints Cost Auditors

National Aluminium Company Limited Announces Q1 Results, Recommends Dividend, and Appoints Cost Auditors​

National Aluminium Company Limited (NALCO) announced the outcome of its Board of Directors meeting held on July 31, 2026, releasing unaudited financial results for the quarter ended June 30, 2026. The Board also recommended a final dividend for the financial year 2025-26 and fixed the record date for the payment.

The company's operational updates included the appointment of M/s. Tanmaya S. Pradhan & Co and M/s. S Dhal & Co as Cost Auditors for the financial year 2026-27.

Financial Highlights (Quarter Ended June 30, 2026)​

The Board took on record the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The results were reviewed by Joint Statutory Auditors from SRB & Associates and B M CHATRATH & CO LLP.

Key financial figures from the Statement of Profit and Loss (Standalone) are summarized below:


Consolidated Financial Results Summary:

The consolidated results also reflected the performance across multiple Jointly Controlled Entities (JVs), including Angul Aluminium Park Private Limited and GACL-NALCO Alkalies & Chemicals Private Limited. Total Income for the quarter stood at 5,475.64 crore.

Dividend Recommendation and AGM Details​

The Board of Directors recommended a final dividend of Re. 1.00 per share (20% on face value of Rs. 5/- each) for the financial year 2025-26. This recommendation is subject to shareholder approval at the ensuing Annual General Meeting (AGM).

This final dividend is in addition to previous interim dividends paid during FY 2025-26, which totaled Re. 10.50 per share across three installments. The Record Date for the declaration of this final dividend was set as Monday, August 24, 2026.

The company will convene its 45th Annual General Meeting on Monday, August 31, 2026, via Video Conferencing/Other Audio-Visual Means (VC/ OAVM).

Operational and Governance Updates​

Cost Auditor Appointment:
The Board of Directors appointed M/s. Tanmaya S. Pradhan & Co and M/s. S Dhal & Co as Cost Auditors for the financial year 2026-27. The company recommended the remuneration of the Cost Auditors to shareholders for ratification at the AGM.

Wind Power Plant Revenue:
The company noted that revenue from its two wind power plants (WPP) located in Rajasthan has not been recognized due to the non-execution of a fresh Power Purchase Agreement (PPA) since April 1, 2019. This matter is currently sub-judice before the Hon'ble High Court of Rajasthan based on a writ petition filed by the company.

Joint Venture Status:
The Board noted that M/s. Utkarsha Aluminium Dhatu Nigam Limited, a joint venture company, is being wound up or struck off as its project has been commercially unviable. The company has obtained clearance regarding this closure from the Ministry of Mines and holds 50:50 shares in the JV along with Mishra Dhatu Nigam Limited, which is currently seeking consent from the Administrative Ministry for the closure.

The Board also confirmed signing a Joint Venture cum Shareholders' Agreement with NLC India Limited (NLCIL) to form a 50:50 joint venture company for developing a 1,080 MW Thermal captive Power Plant at Anugola, Odisha.

NATIONALUM Stock Price Movement​

National Aluminium Company Limited shares closed higher on Friday, gaining 0.82% to settle at ₹350.05 per share. The stock recorded a total traded volume of 7.19 million shares during the session.