Alumina price weakness
Alumina spot prices have fallen to ~$310-320/tonne and are expected to remain under pressure due to excess supply from Indonesia and reduced Middle East smelter demand.
high · management_commentary
National Aluminium Co Ltd — Q4 FY26
Nalco reported its best-ever financial performance in FY26, with revenue of ₹17,843 crore (+6.3% YoY), EBITDA of ₹8,613 crore (+8.7% YoY), and PAT of ₹5,816 crore (+9.2% YoY).
bullish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Rising input costs
Costs of caustic soda, CPC, CT pitch, and HFO have increased significantly in Q1 FY27, which could push aluminium production costs above ₹1,60,000/tonne.
medium · analyst_questionDelay in fifth stream refinery ramp-up
The new refinery commissioning may take 3-4 months, and the optimistic 2 lakh tonne addition target may be missed if stabilization is slower.
medium · management_commentaryGeopolitical disruption in Middle East exports
Exports to the Middle East, historically 40-50% of alumina sales, have been disrupted due to war and smelter shutdowns, with uncertain recovery timeline.
high · analyst_question