National Aluminium Company Ltd. (NALCO) announced on Wednesday a significant rise in its consolidated profit, which surged over five times to Rs 1,045.97 crore for the quarter ending September 2024, driven by increased revenue from operations. In the same quarter last year, the company reported a consolidated profit of Rs 187.35 crore, according to its filing with the stock exchange.
For the July-September quarter of this fiscal year, NALCO’s consolidated revenue from operations climbed to Rs 4,001.48 crore, up from Rs 3,043.83 crore in the corresponding period the previous year. Additionally, the company’s board has approved an interim dividend of Rs 4 per share for the current fiscal year.
As a ‘Navratna’ public sector enterprise, NALCO is 51.28% owned by the central government. The company operates its own Panchpatmali Bauxite Mines to supply its alumina refinery in Damanjodi, Odisha, along with an aluminum smelter and captive power plant at Angul.
