NALCO posts 171% growth in net profit -Governance Now

NALCO posts 171% growth in net profit

Net profit for the nine months ended December 2017 works out to Rs 1,085 crore

GN Bureau | February 13, 2018

#NALCO #PSU #aluminium #profit

National Aluminium Company Limited (NALCO), country’s leading manufacturer and exporter of alumina and aluminium, has clocked a record net profit of Rs 722 crore (growth of 207 percent), as against Rs 235 crore in the preceding quarter and Rs 144 crore in the corresponding quarter of the previous fiscal.

The net sales in the 3rd quarter was Rs 2,360 crore. With this, NALCO has broken the highest-ever net profit figures in a quarter during the last ten years.

Similarly, the net profit for the nine months ended December 2017 works out to Rs 1,085 crore (growth of 171 percent), against the corresponding figure of Rs 400 crore for the previous fiscal. The net sales for the nine months of the fiscal are Rs 6,538 crore.

NALCO has also achieved record growth in production in all fronts. During the first nine months of the current fiscal, NALCO achieved production of 54.40 lakh tonnes of bauxite, as compared to 53.23 lakh tonnes achieved during the comparable period of the previous fiscal. The company produced 15.51 lakh tonnes of alumina hydrate, against 15.27 lakh tonnes achieved in the corresponding period of the previous financial year.

Metal production was 3.17 lakh tonnes, against 2.86 lakh tonnes during the comparable nine months of the previous fiscal registering a growth of 11 percent. The net power generated during the period was 4,897 million units up by 9 percent, compared to 4,494 million units achieved in the corresponding period of the previous year. As a committed and responsible green power producer the company has generated 211 million units of wind power during the first 9 months of this fiscal.

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