Nalco shines bright

National Aluminium Company Limited (NALCO), a Navratna PSU announced its Q2FY25 earnings yesterday and they were very good, posting an impressive 415% (YoY) jump in net profit at Rs.1062 crore on a 32% increase in total income from operations at Rs.4001 crore.

For H1FY25, it reported a 199% growth in net profit at Rs.1663 crore. The company achieved its best-ever performance in domestic metal sales for this H1.

NALCO has also announced an interim dividend of Rs.4 per equity share (80% on the face value of Rs.5 each) amounting to Rs.734.65 crore for FY 2024-25.

The results were driven primarily by improvement in operational efficiency, higher aluminum prices coupled with positive domestic business environment.

Mr.Sanjay Lohiya, IAS, Chairman-cum-Managing Director, NALCO, was very optimistic and said, “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.”

The stock price has reacted positively to this news; opening 4.5% higher at Rs.229.80 and rising to an intraday high at Rs.230.75, not too far from its 52-week high at Rs.248.