NALCO celebrates 2024 with new milestones - fourfold growth in net profit and 97% production capacity achievement

National Aluminium Company Limited (NALCO), a 'Navratna' company under the Schedule 'A' category of CPSEs, is on the way to adding one more year of experience to its four decades of excellence in the mining, metal and power industries.  Established on January 7, 1981, NALCO has evolved over the past 44 years into India's largest integrated producer of bauxite, alumina, aluminium, and power, demonstrating unwavering commitment, resilience, and dedication. The year 2024 further reflected its perseverance, echoing impressive achievements in both operations and financial performance. Although NALCO follows the financial year calendar from April 1 to March 31 for its operation, we are taking an opportunity at the beginning of 2025 to reiterate NALCO's year-to-data achievements.

NALCO's remarkable financial growth

In the second quarter of FY2024-25 ended September 30, 2024, NALCO saw a fourfold growth in net profit. From NR 206 crore (US$24.4 million) in Q2 FY2023-24, the company's net profit increased to INR 1062 crore (US$125.7 million) over the year, reflecting a stupendous growth of 415 per cent. During the same period of this year, NALCO's total income from operations also increased by 32 per cent from INR 4001 crore (US$473.6 million) to INR 3044 core (US$360.37 million). EBITDA soared by 290 per cent from INR 397 crore (US$47 million) to INR 1,549 crore (US$183.3 million).

Shri Sanjay Lohiya, IAS, Chairman-cum-Managing Director of NALCO, said: "Q2 results are a testament to the hard work and dedication of our employees, partners, and stakeholders and the collective ability to adapt and navigate market challenges. He said that as we move forward, we will continue to build on this momentum, drive operational excellence, and explore new opportunities to enhance our market position. I am confident that together, we will further strengthen NALCO's position, create more values, and continue delivering exceptional results in the coming quarters and beyond."

In the entire first half FY2025, NALCO's total net profit amounted to INR 1,663 crore (US$196.9 million) as against INR 556 crore (US$65.82 million) in H1 FY2024, up by 199 per cent Y-o-Y. This robust H1 profit could be achieved due to the best-ever performance in domestic metal sales, reaching 221,966 tonnes.