Nalco share Price: NALCO shares rally 5% after Q2 profit rises multi-fold to Rs 1,046 crore
Shares of the state-owned company National Aluminium Company (Nalco) surged 5% to an intraday high of Rs 230.75 on the BSE after the company said that its consolidated profit rose more than five-fold to Rs 1,045.97 crore in the quarter ended September 2024 on the back of higher revenue from operations.
The company had posted a consolidated profit of Rs 187.35 crore in the year-ago period.
The consolidated revenue from operations in the latest July-September period rose to Rs 4,001.48 crore from Rs 3,043.83 crore recorded in the year-ago period, the filing said.
At the operating level, EBITDA jumped 289.4% YoY to Rs 1,549 crore in the second quarter of this fiscal over Rs 397 crore. The EBITDA margin stood at 38.7% in the reporting quarter…
