arevaat () NALCO NBC/S/4.5 & 4.5(AY2016/4— Date : 14/12/2016 The Manager The Manager ‘The Bombay Stock Exchange Limited, Listing Department Phiroze Jeejeebhoy Towers, National Stock Exchange of India Ltd., : Dalal Street, Exchange Plaza, Bandra-Kurla Complex, MUMBA! - 400 001 Bandra East, MUMBAI - 400 051 : Scrip Code : 532234 ‘Symbol : NATIONALUM. ‘Sub : Unaudited Financial Results for the 2"! Quarter and Half Year ended ‘30.09.2016, Dear Sir, This has reference to the correspondence resting with our letter No. NBC/S/4.5 & 4.5(A}I2016/14 dtd.05.12.2016 on the above subject. In terms of Regulation 33 of SEB! (LODR) Regulations, 2015, please find enclosed a copy of the Unaudited Financial Results for the 2” quarter and half year ended 30.09,2016. These were taken on record by the Board of Directors in their meeting held on 14.12.2016 commenced at 1115 hours and concluded at 1625 hours. Necessary publication is also being made on local & English dailies. Enclosed also please find a copy of Limited Review Report given by the Statutory Auditors on the Unaudited Financial Results of the Company for the quarter ended 30.09.2016. Thanking you, Yours faithfully, for National Aluminium Co. Ltd. ea ED - COMPANY SECRETARY Encl: As above aaraet weathers areatt fates National Aluminium Company Limited (GHETROAT eT StH) A Govtemen! of la Enters) firra werdrera CORPORATE OFFICE ‘area wera, FarTgft, RAAT 751 013, WG NALCO DIIAVAN, Neyapeil,Dhubsnaniar- 761 013, INDIA, (clu L272030R1981601000820) EPABX: (0674) - 2301988 to 999 Ext. 2585,2586,2587 Direct: 2303197 Telefax: 2300677 website : www.nalcoindia.comNATIONAL ALUMINIUM COMPANY LIMITED Statement of Standalone Results for the Quarter and Six Months Ended 30th September 2016 {Ren Crore) Parieirers Guarer Ended Six Months Ended | somemoTe | 20082016 | “saezo1S | so09/2016] s0rter075| + (Cnaudited) | (Unaudited) | (Unaudited) (Unaudited) |(Unaudited) 7 [Income from operations {@)tscome from operations (inclusive of excise duty) 191320| 164827] 199288) 3458.47] 9478.19 (©) Other operating xcome 22.87 2084 5371 85.85} [Total income from operations (ab) 1,846.07] 1,666.11 3,512.18 | 3,532.07 2 |Expenses (2) Cost of materiats consumed 253.70] 246.94 ssoes| 51314 {(b) Power and Fuel sxeat| 50397 402228} 918.16 {6} Changes in inventories of fnished goods, ‘work-in-progress and stock intrade 36.11] (16883) wsiral (19079) (138.84) (6) Employee benefits expense 35187] 346.99 sara7} casas | 701.77 (©) Depreciation and emorsation expense 13528] 11879 joas3| 2507] 208.01 (9 Other expenses 47376} 540.41 49264] 1,014.17] 950.02 Total expenses (Sum of a tof) 1go.03| 4,590.28] 460742) 3.30031] 9,162.26, 3 [Profit (Loss) from operations before other income, finance costs and exceptional items (1-2) 37.04 75.83 zaoi7} 1287] 360.81 4 [Otter income 13685] 133.81 14331| 27048) 266.52 5 |Profit) (Loss) from ordinary activities lbefore finance costs and exceptional tems (3 +4) 17389| 209.44 30348] 38333) 65623 8 Finance costs 056 sd 0.8 4.10 222 7 Profit (Loss) from ordinary activities after finance costs but before exceptional items (5-6) 17333] 208.90 38797| 96223 654.11 8 [Exceptional items : : 2 : _ 9 [Profit (Loss) from ordinary activities before tax (7 £8) 173.a3| 208.80 aere7| 38228] 654.17 10 |Tax expanse 52.10 73.89 ta7iz{ 12599] 228.94 11 [Net Profit/ (Loss) frora ordinary activities after tax (9-10) 12123} 13501 2s0s| 25624) 425.17 12 [Extraordinary items (net of tax expense ) - - ~ : - 13 |Not Proftt/ (Loss) for the period (14 # 12) 12123] 13501 2soss] 256.24) 425.17 14 [other Comprehensive Income (Net of Tax) 2.13] an ant 0.98 823 45 | Total Comprehensive Income (13+14) ware) 139.12 asaas] 267.22] 433.40 16 |Paid-up equity share capital sees] 128082| 1.20862] 968.46] 1,288.62 \(Face Value of Rs.)- per Share) 17 [Earnings per share (before extraordlnaty Items) KoF Rs 5t- each} not annustised): 63 0.52 oor 1.33 165 oss os2 os? 1133 165 18 [Earnings per share { after extraordinary items) (of Rs &1- each) (not annualised) (@) Basic oes ose ost 1.33 185 (0) Dine 063 0.52 os? 133 485 ‘See abompanying notes tg the financial resuls‘Seqmentwise Revenue, Results, Assets 1nd. Liable faethe quarter and Six Months ended 3Oth September 2016 sin Crore) [a Guanerended i No. sams {30062016 [30.7013 | 90-19-2016 30-09-2015 Particulars ‘Wnawned) | ~“Urautien) | (Uanndied) |" (tomuates) | (Uaaudted) T 2 3 4 3 6 7 1 Begincat Revenue? Chemicals 36139 83437 oss) 1808.76] 07.88 dyaluminium 12969 140.17 izs9e1| 283666 | 241138 ‘9 Unallocated Common 27.60 21.96 21.89 49.65) "3530 Tol: 28857 1,996.50 2atsae| 4185.07 |” 4255.56 Less ner segment revenue 37537 25.23 ‘423.0 | 725.60] "77932 ‘Income from operations 1313.20 1.64527 Tasaes | 3458.47 | 3.47619. 2 Segment Resolts: Profit before tax and inert )Chenicals e745, 21479 | - sasi| 3024] size ‘Anni 9998) 105.95 19792) (205.89) irs) ‘Sub-total: asi 108.35 rage] 15635) 395.08 Less: Ines & Feancng charges 055 ost ost vie] 222 ‘Add: Other unalocate income ‘ms oF unallocated expenses 26.58 100.60 3.82 |__22698| 26125 ‘Total Pratt before Tax = 17333 20890 3u.97| 39223) 65411 3 Segment Assets & Linbiies “Asses 2) Chemicals 3.46546 anos 3494.55 by Alumina 5.16593 523852 528221 s2e221 }Unalested Common sma? | __8 09527 798023 — 196020 Tota 1451826 204437 | as 673703, Liaw 2)Chemicals 2.86, rs9 $99.84 55984 b) Aluminium 1462726 Masa 131729 131729 5} Uralleated Common 38789 301.82 320.29 | 32079 Tat 2,857.60 520.64 391.92 229192 Notes: 1) The Compary has adopted Inds Accounting Standards (Ind-AS) prestibed under section 133 ofthe Companies Act'2013 eal with relevant rales ‘Bereander fram April 1,2016, These results have been prepared in acenzdace with reoarition and mearerementprsiples nid down in Ind-AS 34 on Interim Financial Reporting. The figures forthe quater aa sx tenths ded 30th Sep" 2015 presented here are also lnd-AS compliant 2) Reconeliaton betwen result previously reported under exstile nian GAAP and as presnted now under Tnd-AS forthe quarter and six ont ‘ended 30th Sep! 2015 are given below: eeimere Panos ‘Quarerended | Sixmonts ded soneno1s | sos0is [Regent poi Tribe pid asp Tdan GAAP 226.1 355i castes a Far vave ima of franca aes 24.8 Ba IyActuaral os on cefied Debt obligation & OOS esa) 7585) femalowe exoen e Revogaica of PPE majo spares charges PAT. Ta3a] sr shoe adres B35 2.5) fe) Defre Tax inact he above austen (5p G: [Net rf the ei of el AS 203 325.1] 3) The results have bom eviewed by the Audit Committe and approved in the mecting of ta Board of Directors eld on [4th Dec'2016. Limited Review 25 required under Regulation 33 ofthe SEBI (Listing Obligations and Dislosure Requirements) Regulation, 2015 has bec cried cut by the scaary actors of the Company, Results for dhe quarer and sx months ented 30th Sep’ 2015 has no been review by the statuary audits. However, the ‘Mangement as exerised necessary dae dclgencs to ensure that te financial results provide tre and fi view of afas. 4) Duet change in. accounting policy for deprecation of Pot Rel ‘Seg 2016 has insxeaced by #5 43,32 core, 25a component of electrolytic Pot, depreciation during six month ended 208 5) Pursuant to buyback of 64,43,09,626 exaiy shares ofthe Company, the paid up equity share capital has decreased fom Rs. 1288.62 crore to Re. 956.46 ‘roe from 287.72:38512 shares 1 193,29 28,888 shares of Rs, 5/-cach Besides, the Balance inthe Geral Reserve was reduced by RE2, 842 crore ‘whieh incudes the buy bask consideration and incidental expences lating to buy back. On account of buyback, te EPS forthe quarter and half yar ended Js inereased to R0.65 and R133 per share of Rs.5-eah (po anmised) respectively. There is epfow of eash of Re2,841 core during he quarter on sccouat of buyback, ‘6,50 MW Wind PowerPlant hasbeen commissioned at Devikot. Rajsthn, daring the quarter act of Rs 345 crore fer commissioning ofthe rojecthe Renewable power ( Wind power) generation capacity ofthe Company bes increased to 148 MW. LSID Digs eR vf‘A ASSETS (@)Property, plant and (©)Intangibte assets (@Financial Assets (Investments (i) Loans Other financial Current assets {e}Inventorios (0) Financial Assets (ip Investments () Loans (b} Other Equity Liabilities (1) Non-current liabil (2}Financial Liabilities (Other financial Current liabilities (1) Non-current assets {b) Capital work-in-progress. 769.65] (2) Other non-current assets (i) Trade receivables Cesh and cash equivalents iv) Bank balances other than (ii) (vi) Other financial assets (c)Other current assets {(@) Equity Share Capital (Trade Payables 13.00] (2) Financial Liabilities (Trade Payables Gi) Other financial liabilities 1826. (b) Other current liabilities (©) Provisions 93.27| (@) Curent tax abilities (nef), 29.51 STANDALONE STATEMENT OF ASSETS AND LIABILITIES equipment 6676.28} tassels Non-current assets Current assets “Total asseis abies 1.88] (b)Provisions 262.29 r (c)Deferred tax tabilties (net) 1188.65 1191.83} (@Otner non-current liabfities 48.16 (Rs. in Crore) Sal 31/03/2016 Non-current liabilities Current fiabil Total EquityABP & ASSOCIATES Chartered Accountants 1A, Bapuji Nagar, Bhubaneswar-751 009° GUHA, NANDI & CO. Chartered Accountants ‘Commerce House, 5 Floor, Room 8D & B, 2A, Ganesh Chandra Avenue, Koiketa-700 013, Limited Review Report To ‘The Board of Directors, National Aluminium Company Limited Bhubaneswar 1. We have reviewed the accompanying statement of unaudited standalone financial results of National Aluminium Company Limited (‘the Company”) for the quarter ended Septeraber 30, 2016 and the half year ended September 30, 2016 attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact that the figures for the corresponding quarter ended September 30, 2015 and the corresponding half year ended September 30, 2015, including the reconciliation of profits under Ind AS of the corresponding quarter and corresfonding half year with profits reported under previous GAAP, as reported in these financial results have been approved by Company's Board of Directors but have not been subjected to review. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is (o issue a report on these financial statements based on our review. 2. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review (0 obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarity to inguiries of company personne! and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results, prepared in accordance ‘with applicable accounting standards i.e, Ind AS prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder or by the Institute of Chartered Accountants of India and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated Sth July, 2046 including the manner in which it is to be disclosed, or that it contains any material misstatement. Yor ABP & Associates For Guba, Nandi & Co, Chartered Accountants Chartered Accountants FRN: nl (Bijoy Krishna hod Partner