Driven by better sales realization, favourable market demand and effective cost management, NALCO Net profit surges 3-fold, Revenue up by 39%
Achieves Highest-ever revenue from operations & PAT in Q3 & in cumulative 9 months of FY 25
Bhubaneswar, 10.02.2025: National Aluminium Company Limited (NALCO),
the Navratna PSU, under Ministry of Mines, Govt. of India and country’s
leading manufacturer and exporter of alumina and aluminium, has registered a
three fold increase in net profit for the 3 rd quarter ended December 2024. The
company’s net profit stood at an impressive Rs.1,583 crore compared to Rs.488
crore in the corresponding quarter of last year.
According to the reviewed financial results for the 3rd quarter of FY 25, taken
on record by the Board in the meeting held at Bhubaneswar today, NALCO has
registered a total income of Rs.4,761 crores in Q3 of FY25 compared to
Rs.3,398 crores in Q3 of FY24.
The net profit and revenue from operations for the 9 months ended December
2024 work out to Rs.3,246 crore and Rs.11,520 crore respectively, as against
the corresponding figures of Rs.1,044 crore and Rs.9,570 crore of the previous
fiscal, recording an increase of 211% in net profit and 20% in revenue from
operations. Worth mentioning that NALCO has achieved highest-ever revenue
from operations, & Profit after tax in Q3 and 09 months of FY 25.
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.
It may be mentioned that NALCO has also announced an interim dividend @
Rs.4/- per share for the financial year 2024-25.
