National Aluminium Company Ltd.'s bottomline halved sequentially in its consolidated first quarter earnings, according to an exchange filing from the firm on Monday.
The firm's net profit reduced 49% to Rs 1,049.48 crore from last quarter's Rs 2,067 crore.
The company's revenue also decreased by 27.7% to Rs 3,807 crore from the previous quarter's Rs 5,268 crore. Its earnings before interest, taxes, depreciation and amortisation as well as Ebitda margin also slipped.
NALCO Q1 Earnings Key Highlights (Consolidated, QoQ)
Revenue down 27.7% to Rs 3,806.94 crore versus Rs 5,267.83 crore.
Net profit down 49% to Rs 1,049.48 crore versus Rs 2,067.23 crore.
Ebitda down 46% to Rs 1,492.14 crore versus Rs 2,753.88 crore.
Margin at 39.2% versus 52.3%.
Dividend
The metals company announced a dividend of Rs 2.5 per equity share for the fiscal 2024-25, with a face value of Rs 5. If the dividend is approved in the upcoming annual general meeting, it will be paid within 30 days from the date of declaration.
Shares of NALCO closed 0.60% higher at Rs 1,155.90 apiece on the NSE, compared to a 0.09% rise in the benchmark Nifty. The stock has risen 5.81% in the last 12 months and fallen 10.36% on a year-to-date basis.
Out of 11 analysts tracking the company, four have a 'buy' rating on the stock, five recommend 'hold' and two suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 11.8%.
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