Key Points
- NALCO’s shares rose 9.39% to ₹240.45 on the BSE on November 18, 2024.
- Net profit increased five-fold to ₹1,062 crore for Q2 FY 2024-25, compared to ₹206 crore in Q2 FY 2023-24.
- Total income grew 32% to ₹4,001 crore for the quarter, up from ₹3,044 crore in the same period last year.
- NALCO declared an interim dividend of ₹4 per share, totaling ₹734.65 crore for FY 2024-25.
- Chairman Sanjay Lohiya praised the company’s performance and the dedication of its employees and stakeholders.
Latest News
National Aluminium Company Limited (NALCO) saw its shares rise by more than 9% on November 18, 2024, following a strong performance in its second-quarter results for FY 2024-25. The company’s net profit for the quarter reached ₹1,062 crore, a five-fold increase from ₹206 crore in the same quarter last year. This jump in profit was due to better operational efficiency and a stronger market position.
NALCO’s total income for the quarter was ₹4,001 crore, up 32% from ₹3,044 crore during Q2 of FY 2023-24. The growth was driven by higher sales and improved product pricing, despite challenges in the market.
Along with the strong profit figures, NALCO declared an interim dividend of ₹4 per share, amounting to ₹734.65 crore for FY 2024-25. This move highlights the company’s financial strength and commitment to rewarding its shareholders.
Shri Sanjay Lohiya, IAS, Chairman-cum-Managing Director of NALCO, commented on the company’s performance, saying it reflected the hard work and dedication of NALCO’s employees, partners, and stakeholders. He praised the team’s ability to adapt and overcome market challenges, which contributed to the positive results.
On the BSE, NALCO shares closed at ₹239.90, up 9.14%, as investors reacted positively to the strong financial performance and the announcement of the interim dividend.
