NALCO Q3 Results: Net profit reports 233% YoY increase, declares dividend of Rs 4 per share
NALCO's Revenue from operations also saw a substantial rise of 39.3%, reaching Rs 4,662.2 crore, up from Rs 3,347.6 crore during the same period of the previous fiscal year.
NALCO Q3 Results Net profit reports 233 YoY increase, declares dividend of Rs 4 per share
National Aluminium Company Ltd (NALCO) reported a significant increase in net profit for the third quarter on Monday, February 10. The company recorded a net profit of Rs 1,566.3 crore, reflecting a remarkable 232.83% year-on-year (YoY) growth compared to Rs 470.6 crore in Q3 FY24.
Revenue from operations also saw a substantial rise of 39.3%, reaching Rs 4,662.2 crore, up from Rs 3,347.6 crore during the same period of the previous fiscal year.
At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortization) surged by 200.89%, totalling Rs 2,327.6 crore in the third quarter of this fiscal year, compared to Rs 773.8 crore in the corresponding period of the previous fiscal year. This impressive performance also led to an expansion in the EBITDA margin, which increased to 49.9% from 23.1% in the last fiscal year.
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Attributing the success to the employees, Shri Brijendra Pratap Singh, Chairman-cum-Managing Director, NALCO, said that improvements in process efficiency, reduction in input costs, and enhancing product quality are crucial for company’s success. The performance of the present quarter is mostly attributable to better sales realisation in Alumina & Metal, higher sales volume of Alumina, use of captive coal and reduction in cost of raw materials. He also emphasised that now the company’s thrust is on early completion of expansion activities including 5th Stream expansion of Refinery, operationalization of Pottangi Mines, Brownfield expansion of Smelter plant and planned CPP expansion.
The board of directors has approved the payment of the second interim dividend of Rs 4 per share (80% on the face value of Rs 5 each) on the paid-up equity share capital of Rs 918.32 crore for FY2024-25.
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Shares of National Aluminium Company Ltd ended at Rs 190.95, down by Rs 9.70, or 4.83%, on the BSE.
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