New Delhi: State-run National Aluminium Company Ltd (NALCO) reported a 28 percent year-on-year increase in standalone net profit to Rs 1,835 crore for the July–September quarter of FY27, supported by higher revenue and stronger aluminium-segment earnings. Profit, however, declined from the preceding quarter as expenses increased.
Revenue from operations rose 26 percent year-on-year to Rs 5,419 crore, compared with Rs 4,292 crore. The company attributed its performance to operational efficiency, strong physical performance, favourable market conditions and marketing strategies.
Compared with April–June, net profit fell 8.4 percent from Rs 2,002.38 crore, despite revenue increasing 2.2 percent. Total expenses rose 14.7 percent to Rs 3,196.18 crore.
Raw-material expenses increased to Rs 808.36 crore from Rs 728.54 crore, while power and fuel costs climbed to Rs 1,065.95 crore from Rs 972.73 crore. Inventory movements also turned adverse, shifting from a Rs 129.77 crore expense credit to a Rs 57.27 crore charge.
Other income increased to Rs 248.08 crore from Rs 173.30 crore, cushioning the decline. Calculated EBITDA margin excluding other income narrowed to 44.5 percent from 51.1 percent.
Chemicals-segment profit before interest and tax declined 54.8 percent year-on-year to Rs 281.90 crore. Aluminium-segment profit rose to Rs 2,058.15 crore from Rs 1,189.37 crore a year earlier, but fell 11.5 percent sequentially.
The filing disclosed that the board approved the results without an audit committee. Auditors issued an unmodified limited-review conclusion, while highlighting unrecognised revenue from two Rajasthan wind plants pending resolution of a power-purchase agreement dispute.
The board declared an interim dividend of Rs 4.50 per share, involving a payout of Rs 826.48 crore.
Alongside the results, Chairman and Managing Director Brijendra Pratap Singh said the fifth-stream expansion of NALCO’s alumina refinery was at an advanced stage of commissioning, while groundwork for the proposed 0.5 MTPA brownfield smelter expansion at Angul was progressing.
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