PSU stock jumps 4% after reporting 233% YoY increase in net profits in Q3

During Tuesday’s trading session, shares of Navratna PSU, under the Ministry of Mines, Govt. of India, and India’s leading manufacturer and exporter of alumina and aluminium surged nearly 4 percent, after reporting a rise in net profit by around 50 percent QoQ and 233percent YoY in Q3 FY25.

Price Movement

With a market cap of Rs. 34,822.5 crores, the shares of National Aluminium Company Limited (NALCO) surged by nearly 4 percent to hit an intraday high at Rs. 198.3 on BSE, as compared to its previous closing price of Rs. 190.95.

The stock delivered positive returns of nearly 32.3 percent in one year, as well as around 9 percent returns in the last one month.

What’s the news

The fluctuations in the share prices were observed after National Aluminium Company Limited (NALCO) announced the financial results for Q3 FY25, through the recent filings with the stock exchanges.

For Q3 FY25, NALCO reported revenue from operations of Rs. 4,662.2 crores, registering a significant growth of around 16.5 percent QoQ from Rs. 4,001.5 crores in Q2 FY25, and a rise of about 39.3 percent YoY from Rs. 3,347.6 crores in Q3 FY24.

The company’s net profit for Q3 FY25 to Rs. 1,566.3 crores, representing a growth of around 50 percent QoQ from Rs. 1,046 crores in Q2 FY25, and a year-on-year increase of nearly 233 percent from Rs. 470.6 crores in Q3 FY24.

Additionally, the company’s Board approved the payment of the second interim dividend of Rs. 4 per share (80% of the face value of Rs. 5 each) on the paid-up equity share capital of Rs. 918.32 crores for the financial year 2024-25. The Record Date for this dividend has been set for Friday, 14th February 2025.

About the Company

Incorporated in 1981, National Aluminium Company Limited (NALCO) is a Navaratna Central Public Sector Enterprise (CPSE) under the Ministry of Mines, Government of India. It is engaged in the manufacturing and selling of alumina and aluminium. 

As of FY24, the company is operating a 22.75 lakh MT per annum Alumina Refinery plant and a 4.60 lakh MT per annum Aluminium Smelter, along with a 1200 MW captive thermal power plant adjacent to the Smelter plant to meet the power requirement of Smelter. 

Besides, the Company is also operating four wind power plants with a total capacity of 198.4 MW located in Andhra Pradesh (Gandikota), Rajasthan (Ludherva & Devikot) and Maharashtra (Sangli) to harness renewable energy.

Written by Shivani Singh

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