State-owned National Aluminium Company Ltd (NALCO) posted a stellar financial performance for the third quarter of FY24, with net profit skyrocketing by 232.83% year-on-year (YoY) to ₹1,566.3 crore, compared to ₹470.6 crore in the same period last fiscal.
The company’s revenue from operations grew by 39.3%, reaching ₹4,662.2 crore, up from ₹3,347.6 crore in Q3 FY23, driven by improved operational efficiencies and higher market demand.
At the operating level, EBITDA surged by 200.9% to ₹2,327.6 crore, compared to ₹773.8 crore in the previous year’s corresponding quarter. EBITDA margin more than doubled, expanding to 49.9% from 23.1% a year ago, reflecting significant improvements in profitability.
Dividend Announcement
NALCO’s board of directors approved a second interim dividend of ₹4 per share (80% of the face value of ₹5 each), on the total paid-up equity share capital of ₹918.32 crore for FY2024-25. The company has set February 14 as the record date for determining shareholder eligibility, with the dividend expected to be paid on or before March 10, 2025.
Market Reaction
Despite the robust results, NALCO’s shares ended lower on Monday at ₹190.95 on the BSE, down ₹9.70 or 4.83% from the previous close. The decline came before the announcement of the results, which were released after market hours.
