The Business Bytes
THEBUSINESSBYTES BUREAU
BHUBANESWAR, FEBRUARY 10, 2025
Navratna PSU National Aluminium Company Limited (NALCO) has reported a remarkable threefold increase in net profit for the third quarter (Q3) ended December 2024. The company’s net profit surged to an impressive Rs.1,583 crore, compared to Rs.488 crore in the corresponding quarter of the previous fiscal.
As per the reviewed financial results for Q3 FY25, approved by the Board in a meeting held in Bhubaneswar, NALCO registered a total income of Rs.4,761 crore, significantly higher than the Rs.3,398 crore recorded in Q3 FY24.
For the nine-month period ended December 2024, the company’s net profit soared to Rs.3,246 crore, marking a staggering 211 per cent growth compared to Rs.1,044 crore during the same period last fiscal. Revenue from operations also witnessed a 20 per cent rise, reaching Rs.11,520 crore as against Rs.9,570 crore in the previous financial year. NALCO’s exceptional performance in Q3 and the nine-month period has resulted in the highest-ever revenue from operations and profit after tax in the company’s history.
Attributing this success to the dedication and hard work of employees, Brijendra Pratap Singh, Chairman-cum-Managing Director, NALCO, highlighted that process efficiency improvements, reduction in input costs, and enhanced product quality have been crucial in driving the company’s growth. He noted that the stellar performance in Q3 was primarily driven by better sales realization in alumina and metal, increased alumina sales volume, utilization of captive coal, and reduced raw material costs.
Looking ahead, NALCO is focusing on the early completion of key expansion projects, including the fifth-stream expansion of its refinery, operationalization of the Pottangi Mines, brownfield expansion of the smelter plant, and planned capacity expansion of its captive power plant.
In recognition of its strong financial performance, the company has also announced an interim dividend of Rs.4 per share for the financial year 2024-25.
