In This Article:
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Revenue: INR 11,434 crores for the nine months period FY25, up 20% from INR 9,506 crores in the previous year.
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Profit After Tax (PAT): INR 3,246 crores for the nine months period FY25, a 211% increase from INR 1,044 crores in the previous year.
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Quarterly PAT: INR 1,583 crores in Q3 FY25, up 224% from INR 488 crores in Q3 FY24.
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Quarterly Profit Before Tax (PBT): INR 2,122 crores in Q3 FY25, compared to INR 68 crores in Q3 FY24.
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Dividend: Second interim dividend of INR 4 per share, matching the first interim dividend, marking the highest ever declared by NALCO.
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EBITDA: Highest-ever EBITDA margin reported.
Release Date: February 11, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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National Aluminium Co Ltd (BOM:532234) reported its highest-ever quarterly and nine-month cumulative turnover, profit after tax, and EBITDA since inception.
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The company declared a second interim dividend of INR4 per share, making it the highest ever dividend declared by the company.
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Cumulative PAT for the nine months of FY25 increased by 211% compared to the previous year.
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The company achieved a 20% increase in turnover during the nine months period compared to the previous year.
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All production facilities are operating at 100% capacity, with significant improvements in production volumes across bauxite, alumina, metal, and thermal power.
Negative Points
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The company faces challenges due to fluctuating aluminum prices influenced by geopolitical factors and global market conditions.
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There are concerns about potential delays in the commissioning of the new refinery expansion, which has faced previous delays.
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The cost of production for alumina has increased over the years, impacting overall profitability.
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The company will need to take on debt for its upcoming smelter and power plant expansions, altering its historically zero-debt position.
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There is uncertainty regarding the impact of new U.S. tariffs on aluminum, which could affect global market dynamics and pricing.
Q & A Highlights
Q: Can you provide details on the total CapEx committed for ongoing projects and the expected expenditure over the next few years? A: The CapEx for this year is around INR2,000 crores, with an expected expenditure of INR1,500 crores. Major projects include the 5th Stream refinery expansion costing INR5,677 crores and Pottangi mines expansion at INR1,961 crores. Future projects include a smelter expansion costing INR17,160 crores and a JV with NTPC for a power project costing INR13,000 crores.