National Aluminium Company Q1 Results Growth Total Revenue of ₹2,856.10 crores & Operating Income ₹759.90 crores

National Aluminium Company Q1 Results: The National Aluminium Company's Q1 results for June 2024 show some important financial changes. Total revenue for the quarter was ₹2,856.10 crores, which is a decrease of 20.20% compared to the previous quarter (QoQ) of ₹3,691.99 crores. Year-over-year (YoY), the revenue also fell by 10.14% from ₹3,178.36 crores last year. This means that the company made less money this quarter compared to both the last quarter and the same quarter last year.

National Aluminium Company managed to lower its selling, general, and administrative expenses to ₹466.67 crores, down by 25.86% YoY from ₹629.47 crores. The total operating expenses were ₹2,096.20 crores, which is an 8.25% decrease QoQ and 23.88% YoY from ₹2,753.71 crores. This reduction in expenses led to an increase in operating income, which rose by 78.95% YoY, reaching ₹759.90 crores. Similarly, the net income also improved, rising by 76.30% YoY to ₹588.42 crores. Overall, despite lower revenue, the company showed a strong performance in reducing costs, leading to improved profitability compared to the same period last year.

Here's a simplified summary of the National Aluminium Company’s Q1 results for the fiscal period ending June 2024, with comparisons to previous quarters:

(Rs. in crores)

Source: Here 

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National Aluminium Company Q1 Results

The National Aluminium Company (NALCO) table shows important financial information for the company for the quarter ending on June 30, 2024. In this quarter, NALCO earned ₹2,856.10 crores from operations, which is less than the ₹3,579.05 crores earned in the previous quarter, March 2024. However, this is higher than the ₹3,178.69 crores earned in June 2023. The company also made ₹60.52 crores from other income, leading to a total income of ₹2,916.62 crores for the quarter.

NALCO's total expenses for the quarter were ₹2,099.61 crores, which is lower than the ₹2,720.42 crores in the previous quarter but still shows some costs, like raw materials and employee benefits. The profit before tax for June 2024 was ₹817.01 crores, a solid amount, but lower than the ₹1,369.48 crores in March 2024. After paying taxes, the profit for this quarter was ₹601.22 crores.

National Aluminium Company also includes information about comprehensive income and earnings per share, which were ₹603.20 crores and ₹3.27, respectively. Overall, NALCO's financial performance shows stability despite fluctuations in income and expenses.

Here’s a simplified breakdown of the Statement of Profit and Loss for the quarter ended June 30, 2024. 

The figures are presented in crores (₹):

National Aluminium Company Financial Metrics

National Aluminium Company (NALCO) is a major company in India that focuses on producing aluminum. The company has a market capitalization of ₹38,321 crore, which shows its overall value in the stock market. The current stock price is ₹209, with a high of ₹212 and a low of ₹88.6 over a certain period. It has a price-to-earnings (P/E) ratio of 19.2, indicating the stock's valuation relative to its earnings. NALCO has a book value of ₹79.3 and offers a dividend yield of 2.40%, meaning it pays some profits to its shareholders. 

Here’s a summary of the provided market information in a table format:

Quarterly Results 

The table for National Aluminium Company shows the financial performance for three recent quarters: December 2023, March 2024, and June 2024. In December 2023, the company had sales of ₹3,348 crores and a net profit of ₹488 crores, with an operating profit margin of 23%. By March 2024, sales increased to ₹3,579 crores, and net profit rose significantly to ₹1,016 crores, with a higher operating profit margin of 31%. 

Here’s the table focusing only on the Dec 2023, Mar 2024, and Jun 2024 quarters:

(Rs. in crores)

About National Aluminium Company 

National Aluminium Company is an important Indian company founded on January 7, 1981. Its headquarters is in Bhubaneswar, Odisha. NALCO is known for producing bauxite, alumina, and aluminum, and it also generates power. The Indian government owns 51.28% of the company. NALCO has large mining and production facilities, including the Panchpatmali Bauxite Mines and an alumina refinery in Damanjodi, as well as an aluminum smelter and a power plant in Angul.

In the financial year 2023-24, NALCO earned a profit of ₹2,060 crore, which is a 33% increase from the previous year. The company is focused on sustainability and has installed wind and solar power projects to help reduce carbon emissions. NALCO also cares about the community and has various social programs, like providing education to tribal children and healthcare services to local people. It works hard to improve the lives of people around its facilities, focusing on health, education, and clean water. NALCO aims to grow even more in the future and continue being a leader in the aluminum industry while also supporting its communities.