NALCO Q4 Results 2024: Strong Performance Boosts Profit and Share Price
NALCO Q4 2024 results: Net profit jumps 101.5% to ₹996.7 crore. Revenue drops slightly. Shares surge 118% in six months. Strong performance due to reduced expenses and higher global aluminum prices.
by S Samayanka
Updated May 28, 2024
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NALCO
National Aluminium Company Limited (NALCO) is an Indian public sector company with integrated and diversified operations in mining, metals, and power. It has one of the largest integrated Bauxite-Alumina Power Complexes in India.
Its operations cover the entire value chain:
- Bauxite mining
- Alumina refining
- Aluminium smelting
- Power generation
- Downstream products.
NALCO has consistently earned profits for the last 36 years since its first commercial operation in 1987. It is one of the leading foreign exchange-earning CPSEs (Central Public Sector Enterprises) in India.
NALCO Q4 Results 2024
|
S.No |
Particulars |
Quarter Ended 31-03-2024 (Audited) |
Year Ended 31-03-2024 (Audited) |
|
I |
Revenue from Operations |
3,579.05 |
13,149.15 |
|
II |
Other Income |
84.04 |
250.71 |
|
III |
Total Income (I + II) |
3,663.09 |
13,399.86 |
|
IV |
Expenses |
||
|
(a) |
Cost of raw materials consumed |
680.75 |
2,791.89 |
|
(b) |
Cost of power and fuel consumed |
734.92 |
3,547.70 |
|
(c) |
Changes in inventories of finished goods and work-in-progress |
18.35 |
(146.05) |
|
(d) |
Employee benefits expenses |
512.47 |
2,034.06 |
|
(e) |
Finance costs |
8.86 |
17.21 |
|
(f) |
Depreciation and amortisation expense |
240.02 |
749.65 |
|
(g) |
Other expenses |
525.05 |
2,048.64 |
|
Total expenses [Sum of (a) to (g)] |
2,720.42 |
11,043.10 |
|
|
V |
Profit before exceptional items and tax (III-IV) |
942.67 |
2,356.76 |
|
VI |
Exceptional items - Expenses / (income) |
(426.81) |
(426.81) |
|
VII |
Profit before tax (V - VI) |
1,369.48 |
2,783.57 |
|
VIII |
Tax expense |
353.65 |
723.62 |
|
(i) |
Current tax |
||
|
Current year |
336.16 |
763.49 |
|
|
Earlier years |
8.67 |
76.22 |
|
|
(ii) |
Deferred tax |
8.82 |
(116.09) |
|
IX |
Profit for the period (VII-VIII) |
1,015.83 |
2,059.95 |
|
X |
Other Comprehensive Income |
||
|
(i) |
Items that will not be reclassified to Profit or loss |
10.35 |
7.66 |
|
(ii) |
Income tax relating to items that will not be reclassified to profit or loss |
0.18 |
0.25 |
|
Other Comprehensive Income for the period (net of tax) |
10.53 |
7.91 |
|
|
XI |
Total comprehensive Income for the period (IX + X) |
1,026.36 |
2,067.86 |
|
XII |
Earnings per equity share of the face value of ₹5 each (not annualized) |
||
|
(i) |
Basic (₹) |
5.53 |
11.22 |
|
(ii) |
Diluted (₹) |
5.53 |
11.22 |
NALCO Q4 Results 2024 Highlights
National Aluminium Company Ltd. (NALCO) reported a net profit of ₹996.7 crore for the fourth quarter ending March 31, 2024.
This is a 101.5% increase from the ₹495 crore profit in the same quarter last year.
Revenue from operations fell by 2.5% to ₹3,579 crore from ₹3,671 crore in the same period last year.
The company's EBITDA (earnings before interest, tax, depreciation, and amortization) increased by 44.5% to ₹1,107.5 crore from ₹766 crores last year.
The EBITDA margin was 30.9%, up from 20.9% in the same quarter last year.
The results were announced after market hours. NALCO's share price closed at ₹194.25, up by ₹1.10 (0.57%) on the BSE.
NALCO shares surged over 6% to a new all-time high of ₹206.30 due to strong Q4 results.
For the full fiscal year (FY24), net profit was ₹1,988 crore, up 38.63% from last year.
Revenue for the March quarter dropped 1.6% to ₹3,663 crore, and full-year revenue fell 7.5% to ₹13,399 crore.
In the past six months, NALCO's share price has increased by 118%, from ₹92 to ₹201.
This increase is due to higher global aluminum prices and increased demand from China.
NALCO is a major public sector company in India, with the government owning 51.28% of its shares.
NALCO Balance Sheet for 2024
|
Particulars |
As of 31-03-2024 (Audited) |
As of 31-03-2023 (Audited) |
|
Assets |
||
|
Non-current assets |
||
|
(a) Property, plant, and equipment |
7,020.24 |
6,916.39 |
|
(b) Capital work-in-progress |
3,961.49 |
2,744.95 |
|
(c) Intangible assets |
362.49 |
386.44 |
|
(d) Intangible assets under development |
611.59 |
523.97 |
|
(e) Financial assets |
||
|
(i) Investments |
352.25 |
325.25 |
|
(ii) Trade receivables |
79.40 |
82.39 |
|
(iii) Loans |
17.81 |
21.55 |
|
(iv) Other financial assets |
260.11 |
634.49 |
|
(f) Current tax assets (Net) |
621.74 |
802.12 |
|
(g) Other non-current assets |
13,287.12 |
12,437.55 |
|
Total non-current assets |
26,574.24 |
23,874.10 |
|
Current assets |
||
|
(a) Inventories |
1,829.72 |
1,840.22 |
|
(b) Financial assets |
||
|
(i) Investments |
172.91 |
145.58 |
|
(ii) Trade receivables |
153.50 |
91.33 |
|
(iii) Cash and cash equivalents |
43.49 |
63.29 |
|
(iv) Bank balances other than (iii) above |
2,531.66 |
2,054.21 |
|
(v) Loans |
28.05 |
33.31 |
|
(vi) Other financial assets |
78.40 |
49.58 |
|
(c) Current tax assets (Net) |
238.69 |
28.49 |
|
(d) Other current assets |
1,053.46 |
994.49 |
|
Total current assets |
6,129.88 |
5,300.50 |
|
(3) Non-current assets held for sale |
1.60 |
0.64 |
|
Total assets |
32,705.72 |
29,175.24 |
|
Equity and Liabilities |
||
|
(1) Equity |
||
|
(a) Equity share capital |
918.32 |
918.32 |
|
(b) Other Equity |
13,653.34 |
12,320.13 |
|
Total equity |
14,571.66 |
13,238.45 |
|
Non-current liabilities |
||
|
(a) Financial liabilities |
||
|
(i) Lease liabilities |
51.00 |
50.99 |
|
(ii) Trade payables |
||
|
(a) Dues of micro and small enterprises |
18.31 |
10.98 |
|
(b) Dues of creditors other than micro and small enterprises |
286.71 |
180.00 |
|
(iii) Other financial liabilities |
170.57 |
100.83 |
|
(b) Provisions |
841.43 |
957.77 |
|
(c) Deferred tax liabilities (Net) |
301.24 |
314.02 |
|
(d) Other non-current liabilities |
1,668.26 |
1,614.59 |
|
Total non-current liabilities |
3,337.52 |
3,229.18 |
|
Current liabilities |
||
|
(a) Financial liabilities |
||
|
(i) Borrowings |
39.16 |
47.75 |
|
(ii) Lease liabilities |
6.22 |
5.87 |
|
(iii) Trade payables |
||
|
(a) Dues of micro and small enterprises |
175.29 |
145.47 |
|
(b) Dues of creditors other than micro and small enterprises |
1,320.96 |
1,117.87 |
|
(iv) Other financial liabilities |
735.79 |
620.41 |
|
(b) Other current liabilities |
672.89 |
769.32 |
|
(c) Provisions |
173.39 |
146.89 |
|
(d) Current tax liabilities (Net) |
53.98 |
32.07 |
|
Total current liabilities |
3,177.68 |
2,885.65 |
|
Total liabilities |
6,515.20 |
6,114.83 |
|
Total equity and liabilities |
21,086.86 |
19,353.28 |
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NALCO Q4 Results 2024 - FAQs
1. What does NALCO do?
NALCO mines bauxite, refines alumina, smelts aluminum, generates power, and makes downstream products.
2. How did NALCO perform in Q4 2024?
NALCO's net profit in Q4 2024 was ₹996.7 crore, up 101.5% from the same period last year.
3. How has NALCO's share price changed recently?
NALCO's share price increased by 118% in the past six months, from ₹92 to ₹201.
4. Who owns NALCO?
The Government of India owns 51.28% of NALCO.
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