National Aluminium Company (NATIONALUM) Q4 24/25 earnings summary

Executive summary

• Achieved record financial performance in FY 2025, with highest-ever revenue, profit, margin, and dividend declared for both the year and the quarter.

• Integrated operations across bauxite, alumina, aluminium, power, and coal, with a strong global presence.

• Zero-debt status maintained, providing leverage for ongoing and future expansion projects.

• Audited standalone and consolidated financial results for FY25 were approved by the Board and reviewed by the Audit Committee.

• Statutory auditors issued unmodified opinions on both standalone and consolidated financial statements.

Financial highlights

• Standalone revenue from operations for FY25 was ₹16,787.63 crore, up from ₹13,149.15 crore in FY24; net sales for Q4 FY25 reached ₹5,228 crore.

• Standalone net profit for FY25 was ₹5,324.67 crore, compared to ₹2,059.95 crore in FY24; Q4 FY25 PAT was ₹2,078 crore.

• EBITDA (excluding exceptional items) for FY25 was ₹7,922 crore, up from ₹3,124 crore in FY24; EBITDA margin reached 46%.

• Highest ever dividend declared for FY25; interim dividends for FY25 totaled ₹8.00 per share.

• Operating expenses for FY25 decreased to ₹9,223 crore from ₹10,276 crore in FY24; employee costs declined by 12%.

Outlook and guidance

• Alumina production for FY26 targeted at 2.25 million tons, with sales planned at 1.275 million tons.

• CapEx guidance: INR 1,700 crore for FY26, INR 2,000 crore for FY27, with 60% allocated to refinery and bauxite mine projects.

• Global aluminium demand expected to grow, with global production and consumption projected to reach 145.9 million tonnes and 145.5 million tonnes, respectively, by 2026.

• Indian aluminium demand projected to grow at a CAGR of 6.3–7.2% till 2030, driven by sectors like electrical, transportation, and construction.

• No explicit forward-looking guidance provided, but ongoing legal and regulatory matters may impact future results.