State-owned National Aluminium Company Ltd (NALCO) on Wednesday (November 13) reported a 415.4% year-on-year (YoY) jump in net profit at ₹1,062.2 crore for the second quarter that ended September 30, 2024.

In the corresponding quarter of the previous fiscal, NALCO posted a net profit of ₹206.3 crore, the company said in a regulatory filing.

The aluminium PSU’s revenue from operations surged 31.5% to ₹4,001.5 crore against ₹3,043.8 crore in the year-ago period.

At the operating level, EBITDA jumped 289.4% YoY to ₹1,549 crore in the second quarter of this fiscal over ₹397 crore.

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The EBITDA margin stood at 38.7% in the reporting quarter compared to 13% in Q2 of FY24. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The board of directors has approved the payment of interim dividend of ₹4 per share (80% on face value of ₹5 each) on the paid‐up equity share capital of ₹918.32 crore for FY 2024‐25. The record date for payment of the dividend to eligible shareholders is Friday (November 29).

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The results came after the close of the market hours. Shares of National Aluminium Company Ltd ended at ₹219.80, down by ₹6.05, or 2.68%, on the BSE.