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NALCO reports profit of Rs. 525 cr.

BHUBANESWAR: The National Aluminium Company Limited (NALCO) has reported profit after tax of Rs. 525.33 crores for the 1st quarter ended June 30, registering an increase of 17.6 per cent over Rs. 446.66 crores achieved in the corresponding period of last fiscal.

According to the results taken on record at a meeting of the company’s Board of Directors here on Thursday, the company also recorded a jump of 24.8 per cent in its turnover.

It reported a turnover of Rs. 1606.41 crores, compared to Rs. 1287.12 crores achieved in the corresponding quarter of the previous year.

On the sales front, the company sold 2,21,405 MT of alumina in the 1st quarter, which was 2,07,765 MT in the corresponding period a year ago. Similarly, the aluminium sale increased from 75,858 MT to 84,103 MT during the comparable quarter.

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