Integrated Filing — IndAS

General information about company
Scrip Code	532234
NSE Symbol	NATIONALUM
MSEI Symbol	NOTLISTED
ISIN	INE139A01034
Name of company	National Aluminium Company Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	21-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	07-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	21-May-2025   15:00:00
End date and time of board meeting	21-May-2025   18:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	52678300000	167876300000
	Other income	1256100000	3570100000
	Total income	53934400000	171446400000
2	Expenses
(a)	Cost of materials consumed	5785100000	20633200000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	290300000	-902000000
(d)	Employee benefit expense	4132500000	17864700000
(e)	Finance costs	320500000	589700000
(f)	Depreciation, depletion and amortisation expense	878000000	7275800000
(f)	Other Expenses
1	Cost of Power and Fuel Consumed	8426600000	31659400000
2	Other Expenses	6505000000	22974600000
	Total other expenses	14931600000	54634000000
	Total expenses	26338000000	100095400000
3	Total profit before exceptional items and tax	27596400000	71351000000
4	Exceptional items	0	0
5	Total profit before tax	27596400000	71351000000
6	Tax expense
7	Current tax	7198500000	18607100000
8	Deferred tax	-385800000	-502800000
9	Total tax expenses	6812700000	18104300000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	20783700000	53246700000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	-111400000	-567300000
16	Total profit (loss) for period	20672300000	52679400000
17	Other comprehensive income net of taxes	38200000	-139500000
18	Total Comprehensive Income for the period	20710500000	52539900000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	0	0
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	0	0
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	9183000000	9183000000
	Face value of equity share capital	5	5
27	Details of debt securities
22	Reserves excluding revaluation reserve		168871200000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	11.26	28.68
	Diluted earnings (loss) per share from continuing operations	11.26	28.68
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	11.26	28.68
	Diluted earnings (loss) per share from continuing and discontinued operations	11.26	28.68
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	67990400000
	Capital work-in-progress	49346700000
	Investment property	0
	Goodwill	0
	Other intangible assets	9492000000
	Intangible assets under development	15300000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	2592900000
	Trade receivables, non-current	0
	Loans, non-current	806700000
	Other non-current financial assets	197200000
	Total non-current financial assets	3596800000
	Deferred tax assets (net)	0
	Other non-current assets	6987200000
	Total non-current assets	137428400000
2	Current assets
	Inventories	19088300000
	Current financial asset
	Current investments	5149200000
	Trade receivables, current	1863900000
	Cash and cash equivalents	1214000000
	Bank balance other than cash and cash equivalents	53053300000
	Loans, current	265800000
	Other current financial assets	666500000
	Total current financial assets	62212700000
	Current tax assets (net)	1533700000
	Other current assets	8558500000
	Total current assets	91393200000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	228821600000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	9183200000
	Other equity	168871200000
	Total equity attributable to owners of parent	178054400000
	Non controlling interest
	Total equity	178054400000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	111400000
	Total Trade payable	111400000
	Other non-current financial liabilities	2936000000
	Total non-current financial liabilities	3047400000
	Provisions, non-current	2521400000
	Deferred tax liabilities (net)	7911400000
	Deferred government grants, Non-current	0
	Other non-current liabilities	2305000000
	Total non-current liabilities	15785200000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1242200000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	1224500000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	6156500000
	Total Trade payable	7381000000
	Other current financial liabilities	17273900000
	Total current financial liabilities	25897100000
	Other current liabilities	6329200000
	Provisions, current	2359100000
	Current tax liabilities (Net)	396600000
	Deferred government grants, Current	0
	Total current liabilities	34982000000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	50767200000
	Total equity and liabilites	228821600000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Chemicals	25366600000	76074400000
2	Aluminium	32502600000	111131600000
3	Unallocated Common	44700000	214100000
	Total Segment Revenue	57913900000	187420100000
	Less: Inter segment revenue	5235600000	5235600000
	Revenue from operations	52678300000	167876300000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Chemicals	13320400000	32450000000
2	Aluminium	14325100000	40455100000
3	Unallocated Common	0	0
	Total Profit before tax	27645500000	72905100000
	i. Finance cost	320500000	320500000
	ii. Other Unallocable Expenditure net off Unallocable income	-160000000	-160000000
	Profit before tax	27485000000	70783700000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Chemicals	52710400000	52710400000
2	Aluminium	60537600000	60537600000
3	Unallocated Common	115573600000	115573600000
	Total Segment Asset	228821600000	228821600000
	Un-allocable Assets	0	0
	Net Segment Asset	228821600000	228821600000
4	Segment Liabilities
	Segment Liabilities
1	Chemicals	10739600000	10739600000
2	Aluminium	21780000000	21780000000
3	Unallocated Common	18247600000	18247600000
	Total Segment Liabilities	50767200000	50767200000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	50767200000	50767200000
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

3. The financial results have been reviewed and recommended by the Audit Committee at the meeting held on 21st May 2025 and approved by the Board of Directors in its meeting held on 21st May 2025. The annual Financial Results have been audited by the Joint Statutory Auditors of the Company as required under regulation 33 of the SEBI Listing Obligation and Disclosure Requirements Regulations 2015 n n4. The Company has four Joint Venture companies namely nAngul Aluminium Park Pvt. Limited nGACL NALCO Alkalies & Chemicals Private Limited nKhanij Bidesh India Limited nUtkarsha Aluminium Dhatu Nigam Limited. n nOut of the four joint venture companies whose financials have been consolidated financials of Angul Aluminium Park Pvt. Limited has been consolidated on the basis of financials as certified by the management as on reporting date the effect of which is not material. n n5. The Board of Directors at its meeting held on 13th November 2024 has approved interim dividend of Rs 4 per equity share amounting to Rs 734.65 crore for the FY 2024 25 which was paid on 11th December 2024. n nThe 2nd interim dividend of Rs. 4 per equity share 80 PERCENT on face value of Rs. 5 each amounting to Rs. 734.65 crore for the FY 2024 25 has been approved by the Board of Directors at its meeting held on 10th February, 2025 which was paid on 7th March 2025. n n6. Based on the recommendation of the Board, the shareholders of the Company has approved final dividend of Rs. 2 per equity share 40 PERCENT on face value of Rs. 5 each) amounting to Rs. 367.33 crore for the FY 2023 24 at 43rd Annual General Meeting held on 27th September 2024 and the same was paid on 24th October 2024. n nThe total dividend pay out for the FY 202324 is Rs. 5.00 per equity share interim dividend of Rs. 3.00per share and final dividend of Rs. 2 per share amounting to Rs. 918.32 crore. n n7. The Company has not recognised the revenue from its two wind power plants WPP located in the State of Rajasthan due to non execution of fresh Power Purchase Agreement PPA since 01.04.2019 and such issue is being subjudice before Honble High Court of Rajasthan based on writ petition filed by the Company. In view of long pending disputes for execution of PPA impairment of WPPs at Ludharva and Devikot at Rajasthan carried out earlier has been reassessed and impairment loss of Rs. 79.44 crore has been reversed during the quarter. nSimilarly due to non execution of PPA for WPPGandikota, Andhra Pradesh, power generated is wheeled to captive power plant at Angul, Odisha for internal consumption. n n8. During the year, GACL NALCO Alkalies & Chemicals Private Limited GNAL a Joint Venture company has issued Compulsory Convertible Debentures CCD of Rs. 500 crore carrying coupon rate at 91 days T bill plus spread of 2.03 PERCENT with quarterly reset and having tenure of 60 months. n nThe Company and Gujarat Alkalies and Chemicals LimitedGACL, the JV partner, have entered into an arrangement of backstopping support towards repayment of principal and coupon of Compulsory Convertible Debentures CCDs in the proportion of their holding in the JV Company. The Company has 40 PERCENT of holding in GNAL. n nAn Option Agreement to this effect has been entered into between promoters The Company and GACL, PNB Investment Services Ltd Debenture Trustee and GNAL issuer wherein the sponsors promoters have granted mandatory put option and accelerated put option to the investor and retained accelerated buyout option and mandatory buyout option. n nThe Deemed Investment amount of Rs. 147.36 crore which includes Rs. 124.15 crore towards fair value of Financial Liability against these CCDs and Rs. 23.21 crore towards financial guarantee provided without charging any consideration from the joint venture. n n9. The Government of Odisha vide Orissa Gazette extraordinary notification dated 31.01.2005 had notified Orissa Rural Infrastructure and Socio Economic Development Act 2004 ORISED Act applicable from 01.02.2005, levying tax on mineral bearing land. Constitutional validity of ORISED Act 2004 was challenged by the Company before Honble Orissa High Court. The Honble Orissa High Court vide its judgement dated 05.12.2005 had struck down the said Act holding that the State Government has no legislative authority to levy tax on minerals. Consequently the State of Odisha had challenged the judgement of Honble High Court of Orissa before Honble Supreme Court. Subsequently during the pendency of said appeal the matter was referred to the Constitution Bench of nine Judges of Honble Supreme Court. n nThe Constitution Bench of nine Judges of the Honble Supreme Court vide its judgment dated 25.07.2024 held that legislative power to tax mineral rights vests with the State legislature. n nPending final outcome of the appeal pending before Honble Supreme Court against the judgment dated 05.12.2005 of Honble High Court of Orissa the Company is not in a position to assess any obligation as on 31.03.2025. n n10. The figures of last quarter for the current year and previous year are the balancing figures in respect of the full financial year ended 31st March and the unaudited published year to date figures up to the third quarter ended 31st December. n n11. Figures pertaining to previous periods have been regrouped recast and rearranged wherever necessary.

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to Profit and loss	38500000	-139400000
2	Share of other comprehensive income of joint venture accounted for using equity method	-200000	-200000
	Total Amount of items that will not be reclassified to profit and loss	38300000	-139600000
2	Income tax relating to items that will not be reclassified to profit or loss	100000	-100000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	38200000	-139500000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			71351000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			589700000
	Adjustments for decrease (increase) in inventories			-842600000
	Adjustments for decrease (increase) in trade receivables, current			-328900000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-1976100000
	Adjustments for decrease (increase) in other non-current assets			4046300000
	Adjustments for other financial assets, non-current			270300000
	Adjustments for other financial assets, current			-132200000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			171400000
	Adjustments for increase (decrease) in trade payables, non-current			-108400000
	Adjustments for increase (decrease) in other current liabilities			-79200000
	Adjustments for increase (decrease) in other non-current liabilities			-52600000
	Adjustments for depreciation and amortisation expense			7275800000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			-94200000
	Adjustments for provisions, current			625200000
	Adjustments for provisions, non-current			34300000
	Adjustments for other financial liabilities, current			1158000000
	Adjustments for other financial liabilities, non-current			-3538300000
	Adjustments for unrealised foreign exchange losses gains			36700000
	Adjustments for dividend income			140200000
	Adjustments for interest income			3038600000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-49100000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			73700000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			3901000000
	Net cash flows from (used in) operations			75252000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			17190900000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			58061100000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			357600000
	Purchase of property, plant and equipment			11755800000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			257100000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			229300000
	Interest received			2110700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-30390100000
	Net cash flows from (used in) investing activities	-39705400000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			850600000
	Repayments of borrowings			0
	Payments of lease liabilities			37800000
	Dividends paid			18366400000
	Interest paid			23000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-17576600000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			779100000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			779100000
	Cash and cash equivalents cash flow statement at beginning of period			434900000
	Cash and cash equivalents cash flow statement at end of period			1214000000