Nalco Announces Impressive Q3 Results: Profit Nearly Doubles to Rs 471 Crore

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In a significant financial upswing, National Aluminium Company Limited (Nalco) has reported a substantial increase in profit for the third quarter of the fiscal year 2023-24. According to the company’s filing to the Bombay Stock Exchange (BSE), Nalco’s consolidated profit soared to Rs 471 crore, marking a nearly two-fold rise from the same quarter in the previous fiscal year, where it recorded a profit of Rs 256.32 crore.

The commendable performance was underpinned by a robust growth trajectory in total income, which surged to Rs 3,397.87 crore during the quarter under review, compared to Rs 3,357.71 crore in the corresponding period last year. This uptick underscores Nalco’s resilience and strategic adaptability amid dynamic market conditions, positioning the company favorably within the industry landscape.

Furthermore, in a gesture of confidence and commitment to its shareholders, Nalco’s board has approved the issuance of a second interim dividend. Shareholders can anticipate a dividend payout of Rs 2 per share on the paid-up equity share capital of Rs 918.32 crore for the ongoing fiscal year. This dividend announcement not only reflects Nalco’s financial strength and stability but also underscores its dedication to maximizing shareholder value.

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