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Nalco's remarkable performance

Feb 1, 2001

Aluminium PSU, Nalco has recorded a 22% growth in bottomline during the third quarter of the current fiscal year. The company has benefited largely from the growth in realisations, higher value addition in output and cost savings.

(Rs m) 3QFY00 3QFY01 Change 9m FY00 9m FY01 Change
Sales 5,031 6,069 20.6% 14,552 17,331 19.1%
Other Income 304 455 49.6% 862 1,174 36.2%
Expenditure 2,684 3,130 16.6% 8,458 9,113 7.8%
Operating Profit (EBDIT) 2,347 2,939 25.3% 6,095 8,218 34.8%
Operating Profit Margin (%) 46.6% 48.4%   41.9% 47.4%  
Interest (76) 243   390 732 87.5%
Depreciation 705 719 2.0% 2,109 2,165 2.7%
Profit before Tax 2,022 2,432 20.3% 4,457 6,494 45.7%
Tax 444 512 15.2% 1,099 1,546 40.7%
Profit after Tax/(Loss) 1,578 1,920 21.7% 3,358 4,949 47.4%
Net profit margin (%) 31.4% 31.6%   23.1% 28.6%  
No. of Shares (eoy) 644.3 644.3   644.3 644.3  
Diluted Earnings per share* 9.79 11.92   6.93 10.21  
P/E ratio 4.6 3.8   6.6 4.5  
*(annualised)            

Nalco's operating margins improved sharply by 180 basis points to 48% during the quarter. The company enjoys the highest profit margins amongst the aluminium majors. Its 9 months performance was equally good.

At Rs 46 Nalco is trading at a P/E multiple of 5 times its 9 months annualised earnings. Its valuations are amongst the lowest in the industry owing to its PSU status.


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NALCO Announces Quarterly Results (3QFY20); Net Profit Down 111.3% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, NALCO has posted a net profit of Rs 340 m (down 111.3% YoY). Sales on the other hand came in at Rs 21 bn (down 23.2% YoY). Read on for a complete analysis of NALCO's quarterly results.

NALCO 2018-19 Annual Report Analysis (Annual Result Update)

Sep 9, 2019 | Updated on Sep 9, 2019

Here's an analysis of the annual report of NALCO for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of NALCO. Also includes updates on the valuation of NALCO.

NALCO Announces Quarterly Results (1QFY20); Net Profit Down 85.8% (Quarterly Result Update)

Aug 14, 2019 | Updated on Aug 14, 2019

For the quarter ended June 2019, NALCO has posted a net profit of Rs 978 m (down 85.8% YoY). Sales on the other hand came in at Rs 21 bn (down 29.9% YoY). Read on for a complete analysis of NALCO's quarterly results.

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