The profit growth has mainly come from the Alumina revenue segment, Damanjodi, famous for being the lowest cost producer of Alumina globally
GN Bureau | August 9, 2018
NALCO has once again repeated its stupendous performance by registering profit after tax of Rs 687 crore in the first quarter of 2018-19 FY, posting a growth of 167 percent.
As compared to the corresponding quarter of the last year, net profit growth has risen by a whopping 433 percent, from Rs129 crore to Rs 687 crore.
The operating profit has increased more than two-fold, registering Rs 889 crore in 2018- 19 compared to Rs 362 cr in Q4 of 2017-18 FY.
The net profit figure of Rs 687 crore in Q1 2018-19 FY surpassed the whole net profit of Rs 642 crore in 2013-14.
The significant growth in profit has mainly come from the Alumina revenue segment, Damanjodi, which has achieved the distinction of being the lowest cost producer of Alumina in the world.
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