NALCO reports Q4 earnings miss, shares drop over 7%
after close1 source ↓written by the desknot a recommendation
- in net profit
- 16.7% drop
- net profit
- ₹1,722.4 cr
- missing estimates
- ₹1,850 cr
- YoY
- 17%
- YoY
- ₹2,345 cr
Shares of National Aluminium Co. (NALCO) fell over 6.5% on 30 Apr after reporting a 16.7% drop in net profit to ₹1,722.4 cr, missing estimates of ₹1,850 cr. EBITDA also declined 17% YoY to ₹2,345 cr, with margins narrowing to 46.8% from 53.7% last year. The results may dampen investor sentiment in the PSU sector.
Not investment advice. For informational purposes only.