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Motilal Oswal Report
National Aluminium Company Ltd.’s revenue stood at Rs 29 billion in Q1 FY25 (-10% YoY/-20% QoQ versus our estimate of Rs 39 billion). The miss was mainly due to the weak operational performance in the chemical business.
Consolidated Ebitda stood at Rs 9.0 billion (YoY/QoQ: +57% /-16%) against our estimate of Rs 11.3 billion during the quarter.
Nalco's Ebitda margin stood at 32.7% (our estimate: 26%) versus 18.7% in Q1 FY24 and 30.9% in Q4 FY24, supported by healthy operating margin from the aluminum segment.
Adjusted profit after tax for the quarter stood at Rs 5.9 billion (YoY/QoQ: +76% /-13%) versus our estimate of Rs 7.4 billion.
The Board declared a final dividend of Rs 2 per share for FY24.
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Nalco Q1 Results: Profit Up 76%, But Misses Estimates
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