NALCO Shares Rise as Profit Doubles to Rs 2,067 Crore

National Aluminium Co Ltd. (Nalco) shares witnessed a rise of more than a per cent on Thursday after reporting solid Q4 results. The company recorded a profit after tax (PAT) of Rs 2,078, marking a triple-digit surge of 105% from Rs 1,016 reported in the corresponding period of the previous fiscal year.

The revenue from operations figure soared to Rs 5,268 crore in the quarter ending March, as compared to Rs 3,579 crore reported in the same period of last year.

At 11:36 am, the Nalco shares were trading at Rs 184.80, up by 1.68% on the National Stock Exchange.

"Enhancing efficiency, cost optimisation and unwavering commitment of employees have played a key role in enabling NALCO to maintain competitive pricing in a dynamic market environment. Moreover, NALCO’s strategic focus on process improvements has fostered a motivated, performance-driven workforce," Brijendra Pratap Singh, chief managing director of the company, said in an exchange filing.

With aluminium prices firming up and demand steadily increasing, NALCO is well-positioned to sustain its growth trajectory, the exchange filing further read.

EBIDTA (excluding exceptional income) stood at Rs 2,880, up from Rs 2,427 recorded in the previous quarter. As for operating expenses, the figure stood at Rs 2,514.

The share price surge of India’s leading alumina and aluminum manufacturer came despite a broader downtrend in the benchmark indices. The BSE Sensex was down by over 700 points on Thursday.

Nalco Share Price

So far this year, the PSU shares have struggled to remain in the green territory, dropping over 13% from the Rs 214 price level to Rs 184. In the last 6 months, Nalco shares have declined by more than 27% on the National Stock Exchange.

Currently, the shares are down by over 29% from its 52-week high of Rs 262.99.