National Aluminium Company Ltd. Shares Surge 6% on Strong Q4 Profit Growth
The shares of National Aluminium Company Ltd. (NALCO), a leading aluminium producer in Asia, gained up to 6% after the company reported a 95% year-on-year (YoY) and 108% quarter-on-quarter (QoQ) increase in net profit for the fourth quarter.
With a market capitalization of Rs 36,099.00 crore, NALCO’s shares were trading at Rs 196.55, up by around 1.18% from the previous closing price of Rs 194.25.
Company Performance Highlights
- Revenue: NALCO’s revenue rose 7% QoQ from Rs 3,348 crore in Q3FY24 to Rs 3,579 crore in Q4FY24. However, YoY revenue saw a slight decline of 2% from Rs 3,671 crore in Q4FY23 to Rs 3,579 crore in Q4FY24.
- Net Profit: The company’s net profit surged 108% QoQ from Rs 488 crore in Q3FY24 to Rs 1,016 crore in Q4FY24, and 95% YoY from Rs 522 crore in Q4FY23 to Rs 1,016 crore in Q4FY24.
Stock Market Performance
NALCO has delivered impressive returns, with a 112.23% increase over the last six months and a 126.96% rise in the past year. An investment of Rs 1 lakh in NALCO a year ago would now be worth Rs 2.26 lakh.
Operational Achievements
- Production Records: NALCO reached peak levels of cast metal output, producing 4.6 lakh metric tonnes of cast metal, 76 lakh metric tonnes of bauxite, and 4.7 lakh metric tonnes of metal sales.
- Product Line Expansion: In FY 2023-2024, NALCO introduced a new aluminium alloy ingot (AL59) and achieved a 101.15% capacity utilization rate at its Alumina Refinery, producing 21,24,000 metric tonnes of Alumina Hydrate.
- Power and Coal Production: The Captive Power Plant generated 7,193.62 million units of power. Additionally, NALCO operationalized its Utkal D coal block, producing 2 million metric tonnes of coal, matching the mine’s peak-rated capacity.
Future Outlook
The development of NALCO’s captive coal mines is expected to enhance the company’s near-term profitability. With its strong operational performance and strategic expansions, NALCO is well-positioned for continued growth in the aluminium and alumina sectors.
National Aluminium Company Ltd. specializes in the manufacturing and sale of alumina and aluminium, with business segments in chemicals and aluminium. The chemical segment includes calcined alumina, alumina hydrate, and other products.