NALCO Q3 results: Net profit jumps 3x to ₹1,566 crore, declares interim dividend

State-owned National Aluminium Company Ltd (NALCO) on Monday reported an over three-fold jump in its consolidated net profit at ₹1,566.32 crore in the December 2024 quarter, on account of higher income.

It had posted a net profit of ₹470.61 crore during the October-December period of 2023-24, the company said in a regulatory filing.

The company's total income increased 40% to ₹4,761.31 crore against ₹3,397.87 crore in the year-ago period.

NALCO trimmed its expenses to ₹2,639.41 crore compared to ₹2,729.66 crore in the corresponding period a year ago.

Board greelights second interim dividend

The board of the company also approved payment of second interim dividend of ₹4 per share, 80% on a face value of ₹5 each, on the paid-up equity share capital of ₹918.32 crore for financial year 2024-25.

The company has fixed February 14, 2025, as the record date for payment of the dividend.

Under the Ministry of Mines, NALCO is the country's leading manufacturer and exporter of alumina and aluminium.