Nalco June Quarter Net Profit Grows 78% to ₹1,049 Cr

State-owned Nalco on Thursday reported a 78% year-on-year rise in consolidated net profit at ₹1,049.48 crore in the June quarter of this financial year, driven by higher revenues from core business segments.

Nalco had logged a net profit (profit after tax) of ₹588 crore in the April-June period of the preceding 2024-25 fiscal year, the company said in a statement.

In the first quarter, the company reported a 35% surge in income to ₹3,930.45 crore, from ₹2,916.62 crore in the same period a year ago.

The company's revenues from chemicals rose to ₹1,628.11 crore, from ₹852.06 crore (a 91% increase), and those from aluminium to ₹2,708.34 crore, up from ₹2,534.68 crore (a 7% rise) in the year-ago period.

Expenses totalled ₹2,501.18 crore, compared to ₹2,099.61 crore a year ago.

The Board of Directors also recommended a final dividend of ₹2.50 per share on face value of ₹5 each for the financial year 2024-25, subject to the approval of shareholders in the ensuing 44th Annual General Meeting (AGM).

The final dividend is in addition to the first interim dividend of ₹4 per share and the second interim dividend of ₹4 per share (total of ₹8 on face value of ₹5 each) already paid during the financial year 2024-25.

Bhubaneswar-based National Aluminium Company Ltd (Nalco) is one of the country's largest bauxite, alumina, aluminium and power complexes.