Surge in Profits for National Aluminium Company of India and Egypt Aluminium

The recent financial report of National Aluminium Company of India showed that net profit in Q2 surged by 415% YoY. Meanwhile, Egypt Aluminium also released its latest quarterly report, showing that the company's net profit after tax for the quarter ending September 30, 2024, reached EGP 4.23 billion, up 160% from EGP 1.63 billion in the same period last year.

In terms of revenue, Egypt Aluminium's total revenue in Q1 was EGP 11.13 billion, up 89% from EGP 5.99 billion in the previous fiscal year. The company's basic earnings per share also rose significantly to EGP 3.39, compared to EGP 1.3 in the same period last fiscal year. Additionally, during the entire fiscal year of 2024, Egypt Aluminium achieved a net profit of EGP 9.32 billion, up 60% YoY from EGP 3.69 billion in fiscal year 2023.