National Aluminium Company Limited (NALCO), the Navratna CPSE under the Ministry of Mines, has announced the second quarter fiscal results for FY2024-25, wherein it has posted a fourfold growth in net profit. From INR 206 crore (US$24.4 million) in Q2 FY2023-24, the company’s net profit this year increased to INR 1062 crore (US$125.7 million), up by 415 per cent Y-o-Y.
In Q1, the company’s net profit had grown by 72 per cent annually from INR 349 crore (US$41.3 million) to INR 601 crore (US$71.14 million). In Q2, the sequential growth was 76.69 per cent.
During the period under review, the company’s total income from operations was INR 4001 crore (US$473.6 million) – 32 per cent higher than INR 3044 core (US$360.37 million) during the corresponding period of the previous year. EBITDA in Q2 was INR 1,549 crore (US$183.3 million), up by 290 per cent from INR 397 crore (US$47 million).
Through the first half of the year, 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, reflecting a Y-o-Y increase of 199 per cent. NALCO achieved this robust profit due to the best-ever performance in domestic metal sales for H1 FY2025, reaching 221,966 tonnes.
Operation efficiency coupled with higher aluminium prices and positive domestic business environment led to NALCO’s robust fiscal results in Q2 FY2025.
NALCO’s interim dividend was INR 4 per equity share, amounting to INR 734.65 crore (approx. US$87 million) for FY2024-25.
Shri Sanjay Lohiya, IAS, Chairman-cum-Managing Director, 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. As we move forward, we will continue to build on this momentum, drive operational excellence, and explore new opportunities to enhance our market position, he said. 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.”
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