Natl. Aluminium
Natl. Aluminium Q3 FY25: Capex ₹5,677 Cr
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Alumina refinery expansion targeting ~1 million tons capacity by FY27, with expected production of 7-8 lakh tons depending on commissioning speed (Page 21). - Alumina external sales expected to increase, with current capacity at 2.1 million tons and potential sales up to 1.3 million tons annually (Page 12). - Incremental metal production planned: addition of 5 lakh tons, increasing revenue by around Rs. Q4 average prices expected around ₹600+ due to earlier spot booking, supporting strong financial closure for the year.
From Natl. Aluminium's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Alumina refinery expansion targeting ~1 million tons capacity by FY27, with expected production of 7-8 lakh tons depending on commissioning speed (Page 21).
- Alumina external sales expected to increase, with current capacity at 2.1 million tons and potential sales up to 1.3 million tons annually (Page 12).
- Incremental metal production planned: addition of 5 lakh tons, increasing revenue by around Rs. 11,000 to 12,000 crores (Page 18).
- Commercial volumes for refinery expansion expected to commence by March-April FY27 (Page 13).
- Alumina sales volumes to start ramp-up post commissioning in FY27; 60-70% utilization in the initial year (Page 21).
2 more points management made on revenue & sales performance
Profitability & Margins
See what Natl. Aluminium said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ongoing CAPEX includes refinery expansion (5th stream) with a spend of Rs.5,677 crores and Pottangi mines expansion at about Rs.1,961 crores, nearing completion within a year.
- Planned smelter expansion project budgeted at Rs.17,163 crores with a DPR approved.
- Captive power plant expansion of 1,200 megawatts planned at a cost of Rs.13,000 crores, with a proposed JV with NTPC.
- Total near-future CAPEX around Rs.30,000 crores covering smelter, power plant, refinery, and mines.
- Annual CAPEX outlay projected at around Rs.2,000 crores for the next year, split between maintenance (~Rs.700 crores) and growth (~Rs.1,300 crores).
2 more points management made on capital expenditure plans
Top-ranked in Non - Ferrous Metals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Natl. Aluminium said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The transcript does not provide specific figures or details on the current or expected order book or pending orders for Nalco.
- The focus of the discussion is primarily on financial results, CAPEX plans, production capacities, pricing scenarios, and operational updates.
- There is mention of ongoing CAPEX projects and the timeline for commissioning, such as the fifth stream capitalization expected to start between September and December.
- No explicit details about order backlog or pending orders were discussed or disclosed in the provided transcript pages.
Natl. Aluminium — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹5.0K Cr, net profit ₹1.7K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Natl. Aluminium's management said in earlier quarters
Others in Non - Ferrous Metals this season
- MMP Industries Ltd (Q3 FY25)
Q3FY25 Revenue from Operations: Rs 168.4 crore, a 20% YoY increase from Rs 140.9 crore in Q3FY24 (Page 8). Key concall takeaways from MMP Industries Ltd's Q3…
Frequently Asked Questions
What were Natl. Aluminium Q3 FY25 results?
Alumina refinery expansion targeting ~1 million tons capacity by FY27, with expected production of 7-8 lakh tons depending on commissioning speed (Page 21). - Alumina external sales expected to increase, with current capacity at 2.1 million tons and potential sales up to 1.3 million tons annually (Page 12). - Incremental metal production planned: addition of 5 lakh tons, increasing revenue by around Rs. Q4 average prices expected around ₹600+ due to earlier spot booking, supporting strong financial closure for the year.
What is Natl. Aluminium share price analysis?
Natl. Aluminium currently shows a neutral. The stock trades at a P/E of 10.7 with a market cap of ₹72,446 Cr. Investors should review the full earnings analysis for detailed insights.
Is Natl. Aluminium planning capital expenditure?
Ongoing CAPEX includes refinery expansion (5th stream) with a spend of Rs.5,677 crores and Pottangi mines expansion at about Rs.1,961 crores, nearing completion within a year.
Keep Natl. Aluminium on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.