National Aluminium Company Q4 Result 2024: PAT up by 100%+ on a YOY basis at ₹996.74

National Aluminium Company Limited (NALCO) announced Q4 FY2024 Results, PAT up by 100%+ on a YOY basis at ₹996.74

Synopsis:

National Aluminium Company Limited (NALCO) announced its quarterly results for March 2024 on 27th May after market hours. It reported a consolidated PAT of ₹996.74 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 declined by 1.74% on a YOY basis reaching ₹ 3663.09 cr.

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 was down by 1.71% on a YOY basis, reaching ₹ 3663.09 cr from ₹ 3726.76 cr in Q4 FY2023. The quarterly consolidated revenue was up by 7.81%. NALCO reported a consolidated PAT of ₹ 996.74 cr for Q4 FY2024 against ₹ 495.00 cr in Q4 FY2023, which is a hike of 101.36%. On a quarterly basis, the consolidated PAT was up by 111.80%. EBITDA increased by 44.50% on a YOY basis reaching ₹ 1107.50 cr. Its EBITDA margin and PAT margin stood at 30.09% and 27.21%, respectively for Q4.

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 1988.46 cr compared to ₹ 1434.66 cr in FY 2023, up by 38.60%. For FY 2024, its consolidated total revenue stood at ₹ 13399.86 cr compared to ₹ 14490.49 cr in FY 2023, down by 7.53%.

National Aluminium Company was able to witness its highest ever Bauxite excavation at 76,00,230 MT, along with the highest ever Cast Metal production and Highest-ever Metal Sales of 4,63,428 MT and 4,70,108 MT, respectively. The company also produced 2 million tonnes of Coal in FY2024, which was its first year of operating coal mines.

Commenting on the quarterly results, Shri Sridhar Patra, CMD, NALCO, said, “The Company’s growth accelerated in Q4 of FY23-24 and the same is reflected in strong performance and considerable revenue growth. Attributing the success to the commitment and support of employees and various stakeholders, Shri Patra further pinned hope that with further firming up of the aluminium prices and increase in aluminium demand, NALCO is all set to continue the growth story in future.”

About National Aluminium Company Limited

National Aluminium Company Limited (NALCO), established in 1981, is an Indian public sector unit with integrated and diversified operations in the mining, metal, and power sectors. The company is one of the largest integrated bauxite, alumina, aluminium, and power complexes in the country.