New Delhi, May 23 -- National Aluminium Company Ltd (Nalco) delivered a knockout performance in FY25, but the metals major now finds itself staring at storm clouds in FY26 as aluminium prices soften and project delays weigh on future capacity.

Nalco reported consolidated Ebitda (earnings before interest, taxes, depreciation, and amortization) of Rs.2,755 crore in Q4FY25, a 150% year-on-year rise, marking its third straight quarter of triple-digit profit growth. The jump was driven by higher product realisations and cost savings, even as sales volumes dipped slightly. Realisation for alumina surged 73% and aluminium 33%.

Also read: Q4 Results Impact: NALCO shares jump over 5% in weak market as Q4 profit more than doubles

Q4 revenue incr...