India's NALCO beats quarterly profit estimate on improved commodity prices

National Aluminium

10/02/2025 14:48

Feb 10 (Reuters) - India's National Aluminium Company
(NALCO)  NALU.NS  reported third-quarter profit above analysts'
estimates on Monday, buoyed by strong commodity prices.
    The state-owned company's consolidated profit jumped over
three-fold to 15.66 billion rupees ($179 million) in the
October-December quarter, beating the estimate of 13.92 billion
rupees, per data compiled by LSEG.
    Global aluminium prices averaged at around $2,600 in the
quarter, up 17% on-year, data from at least four brokerages
showed. This was in line with benchmark  CMAL3  prices on the
London Metal Exchange.
    Higher commodity prices tend to raise the selling price of
metals, leading to improved profit margins.
    The price hike also helped rival Vedanta  VDAN.NS  beat core
profit estimates for the third quarter. 
    NALCO did not disclose its quarterly EBITDA (earnings before
interest, taxes, depreciation and amortization); however,
according to Rajesh Majumdar, an analyst at B&K Securities
India, the company reported an EBITDA of 23.3 billion rupees on
"significantly higher alumina realisations" in the quarter.
    Analysts, on average, had expected an EBITDA of 19.96
billion rupees.
    Bigger rival Hindalco  HALC.NS  is set to report
third-quarter results later this week. 


($1 = 87.4750 Indian rupees)

 (Reporting by Manvi Pant and Anuran Sadhu in Bengaluru; Editing
by Vijay Kishore)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))