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With a net profit of ₹488 crore for the quarter that ended in December 2023, National Aluminium Company Limited (NALCO), a Navratna PSU under the ministry of mines, recorded an enormous 137% spike in net profit over the previous quarter's ₹206 crore. In the financial results reviewed and recorded by the Board in Bhubaneswar, NALCO's net profit for the nine-month period ended December 2023 stood at ₹1,044 crore, compared to ₹1,023 crore during the same period last year.
The company's total income for the third quarter of FY24 was noted at ₹3,398 crore, marking a slight increase from ₹3,358 crore in Q3 of FY23. Highlighting its operational achievements, NALCO reported the highest ever cumulative metal production of 345,086 metric tonnes and a record cumulative metal sale of 349,419 metric tonnes for the first nine months of the current fiscal year.
Further, the company has declared a second interim dividend of ₹2 per share for the financial year 2023-24, underscoring its robust financial health and commitment to rewarding its shareholders amidst a period of significant growth.
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