NALCO shares rise as Q2 net profit surges five-fold, margins impress

The firm's EBITDA soared to Rs 1,549 crore, up around 289.4 percent against Rs 397 crore in the year-ago period.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

National Aluminium Company or NALCO shares gained in the morning deals on November 14 after the state-owned metals player reported a five-fold surge in net profit during the quarter ended September.

The National Aluminium Company posted a net profit of Rs 1,062.2 crore for the quarter, up 415.4 percent against Rs 206.3 crore in the corresponding quarter of the previous fiscal year.

NALCO's revenue from operations came in at Rs 4,001.5 crore, higher by 31.5 percent on-year compared to Rs 3,043.8 crore in the September quarter of FY24.

At 9.20 am, NALCO shares were quoting Rs 228.19 per share on the NSE, higher by 4 percent compared to the previous session's closing price.

Follow our live blog to catch all the updates

The firm's EBITDA soared to Rs 1,549 crore, up around 289.4 percent against Rs 397 crore in the year-ago period. The EBITDA margin came in at 38.7 percent, while it was at 13 percent in Q2FY24.

"We expect the business to churn even stronger quarterly profits and cash flows in Q3, supported by elevated alumina prices as well as relatively higher aluminium prices," said Emkay Global, which is bullish on NALCO. It has a target price of Rs 275 per share, indicating a 25 percent upside.

The brokerage added that its investment case on NALCO is premised on three distinct aspects (near-term price strength, 1mtpa alumina expansion, and move into captive coal mining) that would bolster business fundamentals, and translate into solid earnings momentum over the next 2-3 years.

"We believe the market is under-appreciating the earnings potential and project delivery which we argue would start gaining favorable traction as the company delivers on profitability," added Emkay Global.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.