NALCO’s Q4 net profit registers 25.23% growth -Governance Now

NALCO’s Q4 net profit registers 25.23% growth

Overall, during 2016-17, NALCO posted a net profit of Rs 669 crore, compared to Rs 787 crore registered in 2015-16

GN Bureau | May 31, 2017

#profits #NALCO #National Aluminium Company Limited #Navratna PSU

National Aluminium Company Limited (NALCO), a Navratna PSU has registered a profit in the 2016-17 fiscal.

According to the audited financial results for 2016-17, during the fourth quarter (Q4), NALCO saw a growth of 25.23 percent with a net profit of Rs 268 crore as against Rs 214 crore during the corresponding quarter of the previous fiscal.

The figure also represents an 86 percent jump over the net profit of Rs 144 crore reported in the preceding quarter. Overall, during 2016-17, the company has posted a net profit of Rs 669 crore, compared to Rs 787 crore achieved during the previous year.

The gross turnover of the company during 2016-17 has been Rs 7,933 crore. The PSU reported significant growth in the last fiscal in the areas of production and sales. The company achieved 7.65 percent growth in bauxite production by recording 100 percent capacity utilisation of 6.825 million tonnes in 16-17 FY, the highest since its inception.

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