Nalco shrugs off weak Q4 numbers

The Q4 result was announced after market hours on Monday, 27 May 2013.

Meanwhile, the S&P BSE Sensex was up 77.55 points or 0.39% at 20,108.32.

On BSE, 1.69 lakh shares were traded in the counter as against average daily volume of 2.01 lakh shares in the past one quarter.

The stock hit a high of Rs 36.05 and a low of Rs 34.90 so far during the day. The stock had hit 52-week high of Rs 63.65 on 4 July 2012. The stock had hit a 52-week low of Rs 32.70 on 10 April 2013.

The stock had underperformed the market over the past one month till 27 May 2013, sliding 3.36% compared with the Sensex's 3.86% rise. The scrip had also underperformed the market in past one quarter, declining 23.56% as against Sensex's 4.59% gain.

The company has equity capital of Rs 1288.62 crore. Face value per share is Rs 5.

National Aluminium Company's (Nalco) net profit declined 31.4% to Rs 582.83 crore on 4.8% growth in net sales to Rs 6809.45 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 20120.

Nalco's board of directors at a meeting held on Monday, 27 May 2013, recommended final dividend of 50 paise per share for FY 2013.

State-run Nalco is an integrated aluminium maker, with its activities encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. The Government of India (GoI) holds 81.06% stake in Nalco (as per the shareholding pattern as on 31 March 2013).

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