NATIONALUM: Q2 PAT rose 28.1% as capacity expansion advanced amid tight global aluminium supply

What happened

National Aluminium reported second-quarter revenue from operations up 26.3% year on year to ₹5,419 crore, while profit after tax rose 28.1% to ₹1,835 crore. The company said its capacity expansion advanced during a period of tight global aluminium supply.

Confirmed

Global impact / market context

Higher revenue and profit mean the company keeps more cash per sale, which can fund its ongoing capacity expansion, meaning building more production ability. That added output could lift future sales volumes if aluminium prices stay near the expected range.

Analyst inference

The article points to tight global aluminium supply and forecasts aluminium prices of US$2,950–3,150 per tonne in the fourth quarter of 2026, with Indian demand growing 6–8% a year through 2030. Those conditions could support the company's revenue and profit.

Analyst inference

What to watch

1. Watch whether the company gives specific timelines and spending figures for its capacity expansion, since added production capacity is what could turn current profit growth into higher future sales volumes. Proposed
2. The article states aluminium prices are expected at US$2,950–3,150 per tonne in Q4 2026, so track whether realised prices stay in that band, as lower prices would reduce revenue per tonne sold. Confirmed
3. Track whether Indian aluminium demand grows near the projected 6–8% yearly rate through 2030, because weaker demand could leave new capacity underused and pressure profit per sale. Analyst inference

Evidence

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