Nalco posts extraordinary Q4 results on back of global boom in aluminium

Higher aluminium prices led to 855% rise in net profit in FY21

Odisha-based public sector undertaking (PSU) National Aluminium Company (Nalco) delivered extraordinary results in the fourth quarter of financial year 2020-21 (Q4FY21), riding on the back of the global boom in aluminium. The consolidated results indicated 45 per cent expansion year-on-year (YoY) in operational revenues of Rs 2,821.5 crore, versus Rs 1,935.8 crore a year ago.

PBDIT rose by 216 per cent to Rs 996.8 crore versus Rs 314.9 crore the previous year and PAT rose by 830 per cent to Rs 935.7 crore versus Rs 100.5 crore a year ago. (This was aided by a tax refund of Rs 97