Nalco’s consolidated profit surged 76.3% to Rs 588.42 crore for Q1 FY24, up from Rs 333.76 crore a year ago. However, consolidated income fell to Rs 2,916.62 crore from Rs 3,226.88 crore. The board proposed a final dividend of Rs 2 per share for 2023-24, pending shareholder approval. Nalco, a leading aluminum producer, continues operations with government ownership. This performance highlights profitability despite a revenue dip, affecting investor outlook.
Nalco Reports 76% Profit Increase but Revenue Declines
