NALCO Stock Plunges 10% Despite Aluminium Business Growth, Narrowing Margins

• NALCO shares dropped nearly 10% following Q3 results, despite meeting street expectations.
• Revenue grew 1.5% year-on-year to ₹4,731 crore, surpassing CNBC-TV18 poll estimates.
• EBITDA decreased 1.8% to ₹2,182.3 crore, with margins narrowing by 160 basis points to 46.1%.
• Net profit rose 1.8% to ₹1,595 crore, aligning with CNBC-TV18 projections.
• Aluminium business EBIT surged 67%, while chemicals business revenue fell 60% year-on-year.

Why It Matters: NALCO's stock fell sharply due to narrowing margins, overshadowing strong aluminium business performance.