NALCO Share Price : The stock price of National Aluminium Co. Ltd. (NALCO) is up around 4% today morning in its trading following a Monday announcement the company had presented its Q3 results after the market hours closed.
Tuesday saw the opening price of National Aluminium Co. (NALCO) shares on the BSE at ₹196.05, over 2% higher than the closing price of ₹190.95. The share price of National Aluminium Co. (NALCO Share Price) increased further to intraday highs of ₹198.30, a gain of around 4%.
NALCO Share Price Q3 Results
The stock price of NALCO rises 4% on Q3 earnings, even if the stock market declines: announces a dividend
Current state of the stock market The share price of National Aluminium Co. Ltd. (NALCO) increased by over 4% on Tuesday morning after the company reported its Q3 results on Monday after market hours.
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The company also announced a dividend of ₹4 per share.
The share price of NALCO has increased following the Q3 results.
The share price of NALCO has increased following the Q3 results.
After the company declared its Q3 results on Monday after market hours, the share price of National Aluminium Co. Ltd. (NALCO) gained around 4% in morning trading on Tuesday.
Opening with ₹196.05 at BSE, NALCO traded 2+ percent more from the close at ₹190.95; this was in relation to intra day highs it rose to reach around ₹198.30; meaning that share gained nearly about 4 per cent.
NALCO Share Price Q3 Result End
In the December 2024-ended quarter, the company reported threefold net profit as revenue went up by 39% from last year. According to Nalco, this was on account of better realization of sales, favorable market demand, and proper cost control.
The net profit of the corporation during the October–December 2024 quarter stood at Rs. 1,583 crore compared to Rs. 488 crore during the same period of the previous year.
During the third quarter of FY25, the total income for NALCO was Rs. 4,761 crores as against Rs. 3,398 crores in the same period of the previous year.
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Net profit and revenue from operations of the Share Price company, for the nine months ended December 2024 stood at Rs 3,246 crore and Rs 11,520 crore, respectively. This reported a growth of 211 per cent and 20 per cent in net profits and revenues from operations, respectively as compared to the comparable figure of Rs 1,044 crore and Rs 9,570 crore reported for the previous fiscal.
As NALCO Share Price Chairman and Managing Director Brijendra Pratap Singh said, “The company’s performance will be dependent on the increase in product quality, input price cut, and improvement in process efficiency.” Improved Alumina & Metal sales realization, higher Alumina sales volume, captive coal use, and raw material prices were the key reasons for the current quarter results.
As stated by Singh, it is now focusing on completing the expansion projects in the shortest time possible, which are five-stream refinery expansion, Pottangi Mines, the brownfield smelter plant, and CPP expansions.
Dividend information for NALCO Share Price
The Board of Directors further approved the declaration of the second interim dividend of Rs. 4 per share, which amounts to 80% of the face value of Rs. 5 per share on the paid-up equity share capital. This was approved through a resolution in the meeting of the Board of Directors held on February 10, 2025.
The payment of the above-mentioned second interim dividend by NALCO Share Price to eligible shareholders for the year 2024–2025 will be effective from Friday, February 14, 2025.
All the eligible shareholders whose names appear in the Register of Members as on the Record Date shall receive their interim dividend on or before March 10, 2025.
Desclaimer:- Information about Dividend and other information are easily available on BSE/NSE and also on the company’s website Samacharpatrika24.com is not responsible for any of it.
