Nalco National Aluminium Company

Nalco Q3FY25 results: Net profit jumps three times to Rs 1,566 crore

State-owned National Aluminium Company Ltd (NALCO) on Monday reported an over three-fold jump in its consolidated net profit at Rs 1,566.32 crore in the December 2024 quarter, on account of higher income. It had posted a net profit of Rs 470.61 crore during the October-December period of 2023-24, the company said in a regulatory filing. The company's total income increased 40 per cent to Rs 4,761.31 crore against Rs 3,397.87 crore in the year-ago period. NALCO trimmed its expenses to Rs 2,639.41 crore compared to Rs 2,729.66 crore in the corresponding period a year ago. The board of the company also approved payment of second interim dividend of Rs 4 per share, 80 per cent on a face value of Rs 5 each, on the paid-up equity share capital of Rs 918.32 crore for financial year 2024-25. The company has fixed February 14, 2025, as the record date for payment of the dividend. Under the Ministry of Mines, NALCO is the country's leading manufacturer and exporter of alumina and aluminium

Nalco shares fall after Kotak Sec downgrades to 'Reduce' on near term risks

Shares of state owned aluminium company National Aluminum slumped 2.26 per cent at Rs 244.25 a piece on the BSE in the intraday trade of Wednesday

This PSU metal stock has zoomed 170% in one year; trades at new high

NALCO shares continued their upward movement hitting a new high at Rs 252.65, up 5% in intra-day trades and have surged 15% in the past 3 days after China said it would cancel export tax rebates.

NALCO, Hindalco, Vedanta surge up to 9% as China cancels export tax rebates

The development is likely to curtail China's aluminium exports, thereby tightening global supply and driving up prices, ICICI Securities said

Nalco rises 5% on stellar Q2 show; PAT up nearly 5x, announces dividend

Nalco reported its Q2 results on Wednesday, after market hours. The company's consolidated profit rose more than five-fold to Rs 1,045.97 as compared to Rs 187.35 crore a year ago

Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks

The NSE Metal index has rallied 3% so far this week, while the Nifty has edged 0.2% higher. Technical charts suggest select frontline metal shares can rally another 14% from present levels.

Stocks to Watch today, May 25: Nykaa, LIC, Adani Group, Hindalco, Nalco

Stocks to watch on May 25, 2023: AIA Engineering, eClerx, GSFC, Voda Idea, IEX, IFCI, Page Inds, SAIL, Strides Pharma, and Zee among prominent companies scheduled to announce Q4 results on Thursday.

Tata Steel, Vedanta look strong on charts, may resist China slowdown woes

Technically, probability of metal stocks entering a negative trend remains negligible. A resilient bullish trend seems clearly visible in Tata Steel and Vedanta.

Nalco's Q1 net profit rises 61% to Rs 558 crore, revenue jumps 53%

The company had posted a consolidated profit of Rs 347.48 crore in the year-ago period, Nalco said in a regulatory filing.

NALCO Q4 profit rises 9.5% to Rs 1,025 crore on account of higher income

The company's consolidated income during the January-March period increased to Rs 4,492.10 crore as against Rs 2,874.47 crore a year ago, the filing said.

CPI's Raja writes to PM, requests roll back of decision to privatise NALCO

CPI general secretary D Raja has written to Prime Minister Narendra Modi requesting him to roll back the government's decision to privatise aluminium major NALCO.

Trading ideas by Ajit Mishra of Religare Broking: Buy Divi's Labs, Nalco

Most metal stocks are trading at their record highs and showing no sign of slowing down

Covid-19: Nalco's Angul smelter runs smoothly with 3 months' stock of coal

After intermittent disruption in coal despatches due to sporadic stirs at mines under the command area of Mahanadi Coalfields Ltd, supply position improved substantially post monsoons

Nalco posts second straight quarterly loss, its steepest since inception

Nalco despite being an integrated player was negatively impacted from fragile alumina prices

Nalco may switch back to long-term contracts as alumina prices dive

The company had moved away from long-term deals with major buyers and began risking its surplus in the international spot markets, selling over 95% of its exportable alumina here

Nalco JV KABIL begins hunt for lithium in Latin America, eyes acquisition

The firm is mandated to scout for and secure 12 mineral assets in which the country lacks ample reserves and has to bank on imports

Nalco banks on long-term raw material security for alumina, aluminium ops

Coal mining to take off in 2020, Pottangi bauxite mine to go on stream in 2023

Muted alumina prices dent Nalco's Q1 earnings as global supplies stabilise

Though Nalco has charted a new business model to make it immune to vagaries of the metal business, the plans may to take 2-3 years to deliver outcomes

Nalco announces it paid its highest ever dividend for FY19, stock gains 4%

At the bourses, shares of Nalco have underperfomed market by falling 32 per cent year-to-date (YTD) while the benchmark Nifty50 index has remained flat, down 0.20 per cent.

Nalco to bank on new biz model, eyes over Rs 2000 cr net profit by FY 2020

Achievements give motivation and purpose gives objectivity to any organization, the Nalco chairman said