Nalco shares rise nearly 4% after multifold jump in Q3 net profit

In a stock exchange notification issued after the market hours on Monday, Nalco said that its net profit rose close to 233% year-on-year to ₹1,566.3 crore for Q3FY25 compared to a net profit of ₹470.6 crore in the year-ago period.

Reacting to the development, Nalco shares rose as much as 3.8% in the opening trade on Tuesday on the National Stock Exchange of India (NSE) to hit the day’s high of ₹198.28 apiece.

However, the stock price could not hold on to the gains and was trading flat at ₹191.06 by 11 am. The share price is now down almost 4.3% in the past five trading sessions, but up more than 33% in the past one year.

On Monday, Nalco also informed that its revenue from operations jumped 39.3% to ₹4,662.2 crore in Q3FY25 compared to ₹3,347.6 crore in Q3FY24.

The state-owned company’s operating profit, or Ebitda (earnings before interest, tax, depreciation and amortisation), was up by a whopping 201% to ₹2,327.6 crore during the December quarter compared to ₹773.8 crore in the year-ago period. Ebitda margins expanded to 49.9% in Q3FY25 compared to 23.1% in Q3FY24.

Nalco’s board of directors also approved the payment of the second interim dividend of ₹4 per share of face value of ₹5 each (80% of face value) for FY 2024‐25.

The company fixed Friday, February 14, as the record date to determine eligible shareholders for the payment of dividend and informed that the payout will be done on or before March 10.