NALCO Ltd Share Q4 Results

NALCO Ltd reported 45.75% higher consolidated revenues for the Mar-21 quarter at Rs2,821.48cr. On a sequential basis, net sales revenues were up 18.61% compared to total revenues in the Dec-20 quarter at Rs2,378.79cr.

Full-year revenues for FY21 were 4.1% higher at Rs9,102cr. The aluminium vertical saw growth of 71.7% YoY at Rs1,944cr in the Mar-21 quarter while the chemicals vertical saw revenues grow by 4% at Rs1,218cr. Net cash flows from operations turned around to a positive of Rs2,199cr in FY21.

Net profits in the Mar-21 came in 9-fold higher at Rs.935.74cr. The company’s profit got a boost from volume growth as well as stronger price realizations in line with global trends. While EBITDA on chemicals was up 40%, the EBITDA on aluminium turned around to Rs589cr. Cost cuts were also instrumental.

Net margins at 33.16% in the Mar-21 quarter was higher than 5.19% in the Mar-20 quarter as well as higher than 10.08% in the sequential Dec-20 quarter. For FY21, the company gained substantially from higher metal prices.

After the peak period of COVID-19 outbreak and with the opening of the markets, we witnessed a significant recovery in the second half of the financial year of 2020-21.
"With further easing of restrictions and resumption of economic activities, we are optimistic for a robust growth in the long run with our focus on increasing the production in mining and refining segments and opening up of the new coal blocks," Nalco CMD Sridhar Patra said.

The results were driven by a strong operational performance by units, with effective sales strategy, cost-saving measures, supported by favorable LME price, the company said.

Nalco, a 'Navratna' CPSE under the Ministry of Mines, is the largest integrated manufacturer and exporter of alumina and aluminium.

At 12:22 pm the stock is trading at Rs78.2 down 2.31% on BSE.

_{Disclaimer: The above report is compiled from information available on public platforms. These are not buy or sell recommendations.}

_{Source: This content is originally posted on indiainfoline.com}