NALCO registers Rs 589 crore operating profit in Q3 of 2018-19 FY -Governance Now

NALCO registers Rs 589 crore operating profit in Q3 of 2018-19 FY

Net profit of the company for the Q3 is Rs 302 crore and the net profit from April 2018 to December 2018 has grown to Rs 1,499 crore

GN Bureau | February 21, 2019

#NALCO #PSU #aluminium #profit

National Aluminium Company Limited (NALCO), country’s leading manufacturer and exporter of alumina and aluminium, has posted an operating profit of Rs 589 crore in Q3 of 2018-19 FY, registering 80 percent growth over the same period of last year.

Net profit of the company for the Q3 is Rs 302 crore and the net profit for the period from April 2018 to December 2018 has grown to Rs 1,499 crore as against Rs 1,085 crore of last year same period.

The net sales for the nine months of the fiscal stood at Rs 8,644 crore which means 32 percent growth over the same period of last year. NALCO has also achieved record growth in production in all fronts. During the first nine months of the current fiscal, NALCO achieved production of 55.39 lakh tonnes of bauxite, as compared to 54.40 lakh tonnes achieved during the comparable period of the previous fiscal. It produced 15.92 lakh tonnes of alumina hydrate, against 15.51lakh tonnes achieved in the corresponding period of the previous financial year.

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