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Saurabh Tyagi--Clovek,Advisory

3rd Nov · SEBI Registration INA100014879

H1 FY27 total income rose 33% YoY to Rs.11,143 crore

H1 FY27 total income rose 33% YoY to Rs.11,143 crore, EBITDA rose 50% to Rs.5,539 crore and PBT rose 55% to Rs.5,160 crore, the company says.

NATIONALUM
says the 5th Stream Expansion of the Alumina Refinery is at an advanced stage of commissioning and groundwork for the proposed 0.5 MTPA brownfield smelter expansion at Anugola, Odisha is progressing steadily. Material top-line and margin expansion: 33% revenue growth with EBITDA up 50% signals meaningful operating leverage and improved profitability versus prior period. Strong cash generation: operating cash flow is rising (latest ₹6,438 Cr vs ₹5,806 Cr prior; +10.9%), supporting dividends and capex without strain on liquidity. Operational execution validated: record H1 metal output and alumina/aluminium sales indicate capacity utilisation and demand traction. Visible growth-capex pipeline: advanced commissioning of 5th refinery stream and steady progress on 0.5 MTPA brownfield smelter expand future volume and downstream integration. Shareholder returns: board approved interim dividend (₹4.50/sh), reflecting free cash flow convertibility and management willingness to return capital to investors, which can support valuation re-rating.

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