NALCO's Q3 net profit jumps to Rs.119 cr

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SME Times News Bureau | 31 Jan, 2013
State-run National Aluminium Company Limited (NALCO) has registered a net profit of Rs.119 crore for the third quarter of 2012-13 fiscal, up 133 per cent against Rs.51 crore achieved during the corresponding quarter of the previous fiscal, the company said Wednesday.

The net sales of the aluminium maker rose to Rs.1,670 crore, against Rs.1,430 crore registered during the comparative quarter of the previous fiscal.

The net profit and net sales for the nine months ended December 2012 work out to Rs.347 crore and Rs.4,974 crore, respectively, against the corresponding figures of Rs.567 crore and Rs.4,747 crore of the previous fiscal, the company said in a statement here.

On the production front, during the first nine months, NALCO produced 12.70 lakh tonnes of alumina hydrate, as against 11.77 lakh tonnes achieved during the comparable period of the previous fiscal.

However, metal production was slightly less at 3.05 lakh tonnes as planned, against 3.09 lakh tonnes registered during the comparable nine months of the previous fiscal, it said.

The Bhubaneswar-headquartered NALCO is India's third largest aluminium maker.