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Hot Pursuit News

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(14 Feb 2024, 15:00)

NALCO spurts as Q3 PAT climbs 78% YoY to Rs 489 cr

National Aluminium Company (NALCO) surged 10.39% to Rs 156.75 after the company’s standalone net profit soared 78.52% to Rs 488.87 crore as against Rs 273.85 crore recorded in Q3 FY23.


Revenue from operations stood at Rs 33,46.90 crore in Q3 FY24, up 1.51% from Rs 32,97.19 crore reported in the same period a year ago.

Profit before tax (PBT) surged 83.17% year on year to RS 668.21 crore in the quarter ended 31 December 2023.

The company’s revenue from chemicals was at Rs 1413.82 crore (up 11.6% YoY) and income from Aluminium stood at Rs 2,326 crore (down 3.91% YoY) during the period under review.

On nine month basis, the company’s net profit rose 2.1% to Rs 1,044.12 crore despite of 9.59% decrease in revenue to Rs 9,568.68 crore in 9M FY24 over 9M FY23.

On production front, NALCO has achieved strong growth with highest ever cumulative metal production of 3,45,086 MT in 9M FY24.

Similarly, on sales front, the company has also achieved highest eve...

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