BHUBANESWAR: Navratna PSU National Aluminium Company Limited (NALCO) has reported a spectacular threefold increase in net profit for the third quarter (Q3) ended December 2024, reaching an impressive ₹1,583 crore, compared to ₹488 crore in the same quarter of the previous fiscal year.
As revealed in the reviewed financial results for Q3 FY25, approved by the Board during a meeting in Bhubaneswar, NALCO’s total income surged to ₹4,761 crore, significantly higher than the ₹3,398 crore recorded in Q3 FY24.
For the nine months ending December 2024, the company’s net profit soared to ₹3,246 crore, marking an astonishing 211% growth compared to ₹1,044 crore during the same period last fiscal year. Revenue from operations also saw a substantial 20% increase, reaching ₹11,520 crore from ₹9,570 crore in the previous year. This performance marks the highest-ever revenue from operations and profit after tax in the company’s history.
Chairman-cum-Managing Director Brijendra Pratap Singh attributed this stellar performance to the dedication and hard work of employees, highlighting improvements in process efficiency, reduction in input costs, and enhanced product quality as key factors. The remarkable Q3 performance 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 swift 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 robust financial performance, NALCO has announced an interim dividend of ₹4 per share for the financial year 2024-25.
