NALCO (National Aluminium Co. Ltd.) is a Navratna Central Public Sector Enterprise under the Ministry of Mines Government of India. Its share price rises over 5% in today’s intraday stock trades due to great business traits taken by the organization. We already witnessed that the share price showed a gradual increment of more than 118% in the last one-year duration because of earnings growth and affirmative business outlook.
NALCO released their performance reports after Tuesday’s market stating that they have achieved record production and sales in Minerals like Aluminium and Bauxite production in FY2024. They reported its best-ever production numbers which state cast metal at 4,63,428 metric tons, bauxite at 76,00,230 metric tons, and metal 4,50,00,108 metric tons.
In addition, NALCO broke its record by refining 21,24,000 metric tons of Alumina hydrate and attained 101.15% utilization of its capacity. They have contributed a great aid to power generation by hitting 7193.62 million units of power.
Besides that, NALCO operationalized its Utkal D coal block during FY2024 and fabricated 2 Million tons of coal. By producing this much coal at its maximum rated capacity which is important in the energy-intense aluminum production process, they can bring increment in its profitability.
These massive operations have had a bearing on the growth of its Q4 earnings since they had already registered good results in their December 2023 quarter. They increased the revenue by 1.5% YoY and 10% sequentially to INR 3346.9 crore and beat market expectations by 4.5% with this kind of income.
On the other hand, NALCO’s integrated business model is recognized as a success story while optimistic outlooks for aluminum/alumina prices will continue to unfold in its share price trajectory.
