NALCO Reports Threefold Surge in Q3 Profit, Declares Rs 4 Interim Dividend
11 Feb 2025 10:54 AM IST11 Feb 2025 10:54 AM IST
As a reflection of its strong financial performance, NALCO declared an interim dividend of Rs 4 per share for the financial year 2024-25
The headquarters of Navratna Central PSU Nalco in Bhubaneswar, Odisha (left), alongside its Chairman-cum-Managing Director, Brijendra Pratap Singh.(Photo by arrangement)
Bhubaneswar: National Aluminium Company Limited (NALCO), a Navratna public sector enterprise under the Union Ministry of Mines, has reported a threefold increase in net profit for the third quarter of the financial year 2024-25, driven by improved sales realization, strong market demand, and effective cost management.
The company’s net profit soared to Rs 1,583 crore, a substantial rise from Rs 488 crore recorded in the same quarter last year. NALCO’s total income for Q3 stood at Rs 4,761 crore, reflecting a 39% increase compared to Rs 3,398 crore in Q3 of FY 2023-24.
For the nine-month period ending December 2024, NALCO reported a net profit of Rs 3,246 crore and revenue from operations of Rs 11,520 crore, marking a 211% growth in profit and a 20% rise in revenue from the Rs 1,044 crore profit and Rs 9,570 crore revenue recorded during the same period last year. The company also achieved its highest-ever revenue and profit after tax (PAT) in both Q3 and the cumulative nine-month period.
NALCO’s Chairman-cum-Managing Director, Shri Brijendra Pratap Singh, credited the company’s exceptional performance to operational efficiencies, lower input costs, and enhanced product quality. He highlighted higher alumina sales volumes, increased usage of captive coal, and reduced raw material costs as key contributors to the record-breaking performance.
Looking forward, Singh reaffirmed NALCO’s commitment to expansion initiatives, including the 5th stream expansion of its refinery, operationalization of Pottangi Mines, brownfield expansion of its smelter plant, and enhancement of its captive power plant (CPP).
As a reflection of its strong financial performance, NALCO declared an interim dividend of Rs 4 per share for the financial year 2024-25, reinforcing its commitment to shareholder value.
The company’s net profit soared to Rs 1,583 crore, a substantial rise from Rs 488 crore recorded in the same quarter last year. NALCO’s total income for Q3 stood at Rs 4,761 crore, reflecting a 39% increase compared to Rs 3,398 crore in Q3 of FY 2023-24.
For the nine-month period ending December 2024, NALCO reported a net profit of Rs 3,246 crore and revenue from operations of Rs 11,520 crore, marking a 211% growth in profit and a 20% rise in revenue from the Rs 1,044 crore profit and Rs 9,570 crore revenue recorded during the same period last year. The company also achieved its highest-ever revenue and profit after tax (PAT) in both Q3 and the cumulative nine-month period.
NALCO’s Chairman-cum-Managing Director, Shri Brijendra Pratap Singh, credited the company’s exceptional performance to operational efficiencies, lower input costs, and enhanced product quality. He highlighted higher alumina sales volumes, increased usage of captive coal, and reduced raw material costs as key contributors to the record-breaking performance.
Looking forward, Singh reaffirmed NALCO’s commitment to expansion initiatives, including the 5th stream expansion of its refinery, operationalization of Pottangi Mines, brownfield expansion of its smelter plant, and enhancement of its captive power plant (CPP).
As a reflection of its strong financial performance, NALCO declared an interim dividend of Rs 4 per share for the financial year 2024-25, reinforcing its commitment to shareholder value.
( Source : Deccan Chronicle )
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