National Aluminium Company announced Q3FY24 & 9MFY24 results:
Financial Performance
- Net Profit: NALCO's net profit rose by 137% to Rs 488 crore in Q3FY24, up from Rs 206 crore in Q2FY24.
- Nine-month Performance: For 9MFY24, the net profit stood at Rs 1,044 crore compared to Rs 1,023 crore in 9MFY23.
- Total Income: In Q3FY24, NALCO's total income was Rs 3,398 crore, which is slightly higher than the total income of Rs 3,358 crore in Q3FY23.
Production and Sales
- Cumulative Metal Production: NALCO achieved its highest-ever cumulative metal production of 3,45,086 metric tonnes.
- Cumulative Metal Sale: The company also recorded its highest-ever cumulative metal sale of 3,49,419 metric tonnes during the first nine months of the current fiscal year.
Dividends
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Interim Dividend: The company has announced a second interim dividend of Rs 2 per share for the financial year 2023-24.