Nalco shines after good Q4 result

National Aluminium Company rose 1% to Rs 69 at 12:08 IST on BSE after net profit increased 25.37% to Rs 268.37 crore on 20.22% rise in total income to Rs 2485.22 crore in Q4 March 2017 over Q4 March 2016.

The result was announced on Saturday, 27 May 2017.

Meanwhile, the S&P BSE Sensex was up 27.36 points or 0.09% at 31,055.57.

On the BSE, 5.46 lakh shares were traded on the counter so far as against the average daily volumes of 4.19 lakh shares in the past one quarter. The stock had hit a high of Rs 71.40 and a low of Rs 68.50 so far during the day. The stock had hit a 52-week high of Rs 79.85 on 7 March 2017 and a 52-week low of Rs 40.70 on 24 June 2016.

The stock had underperformed the market over the past one month till 26 May 2017, rising 1.79% compared with 2.97% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 3.8% as against Sensex's 7.39% gains.

The large-cap company has equity capital of Rs 966.46 crore. Face value per share is Rs 5.

On a consolidated basis, National Aluminium Company's (Nalco) net profit decreased 15.17% to Rs 667.72 crore on 6.36% rise in total income to Rs 7951.31 crore in the year ended 31 March 2017 (FY 2017) over FY 2016.

National Aluminium Company (Nalco) said that the company has been riding on its overall growth in production, improving productivity and sales performance to register a profit in FY 2017. This was despite sluggishness in the metal market across the globe, fluctuating prices in the LME and increase in input costs of raw materials, Nalco said.

Nalco reported significant growth in the FY 2017 in the areas of production and sales. The company achieved 7.65 % growth in bauxite production by recording 100% capacity utilization of 6.825 million tonnes in FY 2017, the highest since inception. The company recorded stellar performance in its refinery segment with a record production of 2.1 million tonne Alumina Hydrate, which represented a jump of 7.53%.

Nalco registered a 4.03% increase in production of metal to 3.87 lakh tonnes at smelter plant in Angul. The company captive power plant also witnessed an increase in power generation at 6066 MU, representing an increase of 3.85% in FY 2017 over FY 2016.

State-run Nalco has integrated and diversified operations in mining, metal and power. The GoI held 74.58% stake in Nalco as per the shareholding pattern as on 31 March 2017.

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