National Aluminium Company Limited — Q2FY27 earnings call summary

Filed 09 November 2026 · Official transcript

Order book normalizing with expected vessel dispatch resuming to 4/month
Raw material cost inflation in caustic soda, CP coke, fuel oil; cost control and techno-economic improvements expected in H2 FY27
Aluminium pricing linked to LME; no hedging; LME expected ~INR3,000
Conveyor belt for Pottangi mines delayed; expected completion in 2-2.5 years
H1 FY27 revenue INR11,143 Cr, EBITDA INR5,539 Cr, PAT INR3,837 Cr, PAT +54% y-y
Alumina prices expected avg INR35,000/ton in H2 FY27; alumina production guidance ~2.45 mn tons FY27
Coal production target 4.8 mn tons FY27; captive coal supply improving, reducing e-auction reliance
Pay revision impact expected in Q4 FY27 with ~15% wage increase