1. Nalco Q3 net surges 170% to R354 crore

Nalco Q3 net surges 170% to R354 crore

National Aluminium Company (Nalco) has reported a net profit of Rs 354 crore for the third quarter...

By: | Bhubaneshwar | Published: February 12, 2015 1:11 AM

National Aluminium Company (Nalco) has reported a net profit of Rs 354 crore for the third quarter of FY15, up 170% from the Rs 131 crore during the corresponding period last fiscal. The company has achieved net sales of Rs 1,877 crore during October-December 2014.

A Nalco spokesperson said net profit for the nine months ended December 2014 was Rs 967 crore, up 106% from the Rs 470 during the same period previous fiscal. Net sales for the nine months ended December 2014 were Rs 5,483 crore compared to Rs 4,868 crore in the corresponding period last financial year.

On the production front, the spokesperson said that during the first nine months, Nalco produced 14.24 lakh tonne of alumina hydrate compared to 14.26 lakh tonne in the comparable period last fiscal. Metal production was 2.44 lakh tonne against 2.38 lakh tonne in the comparable nine months previous fiscal. Power generation was 3,858 MU against 3,760 MU in the corresponding period previous year.

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