Two fold rise in NALCO’s operating profit -Governance Now

Two fold rise in NALCO’s operating profit

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

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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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