National Aluminum Co. Ltd.'s board of directors approved the payment of their second interim dividend of Rs 4 per share with 80% on Face value of Rs 5 each on the paid‐up equity share capital of Rs 918.32 crore for the financial year 2024‐25.
The firm has set Feb.14 2025 as record date for payment of the dividend to the eligible shareholders. The payment is to be made on or before March 10. 2025.
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This is the second interim dividend issued by the company this fiscal, a previous dividend of the same amount was disbursed in November 2024.
The aluminium manufacturer's consolidated net profit rose threefold in the third quarter of the current fiscal, surpassing analysts' estimates.
The firm's net profit rose to Rs 1,566 crore in the December quarter in comparison to Rs 471 crore in the year-ago period. Analysts tracked by Bloomberg reported a consensus estimate of Rs 1,183 crore in net profit.
The company's earnings before interest, taxes, depreciation and amortisation rose to Rs 2,327.5 crore during the quarter under review from Rs 773.8 crore in the year-ago period, beating the estimate of Rs 1,788 crore. The margin expanded to 49.9% from 23.1%.
Nalco Q3 FY25 Earnings Highlights (Consolidated, YoY)
Revenue up 39% to Rs 4,662.2 crore versus Rs 3,347.6 crore (Bloomberg estimate: Rs 4,386 crore).
Ebitda at Rs 2,327.5 crore versus Rs 773.8 crore (Estimate: Rs 1,788 crore).
Margin expands to 49.9% versus 23.1% (Estimate: 40.8%).
Net profit at Rs 1,566.3 crore versus Rs 470.6 crore (Estimate: Rs 1,183 crore).
Shares of Nalco closed 5.03% lower at Rs 190.41 apiece on the NSE, compared to a 0.71% decline in the benchmark Nifty. It has risen 21.30% in the last 12 months.
Five analysts tracking the company have a 'buy' rating on the stock, three recommend 'hold,' and as many suggest 'sell,' according to Bloomberg data. The average of 12-month analysts' consensus price targets implies a potential upside of 33.6%.
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