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Nalco aims 30000-60000 tonne additional alumina sale in Q3
Edited by : AL CIRCLE
1 min read
During the second quarter FY12, Nalco 's net sales were up 8.9% at Rs 1583.7 crore versus Rs 1454.7 crore (YoY) and profit after tax (PAT) was down 38% at Rs 139.3 crore versus Rs 224.04 crore (YoY).
The second quarter results were well below the street?s estimates in terms of earnings. A huge fuel and power cost bogged Nalco's profitability yet again. The company?s EBITDA performance was down about 62%.
Chairman and director of finance BL Bagra mentioned that the company?s topline was supported by higher prices despite flat volumes. He also indicated that the margins were hit because the supply from Mahanadi coal was disrupted.
Nalco has been targeting 30,000-60,000 tonne of additional alumina sale in third quarter.
In the third quarter Ocotber-December,they should have minimum 40,000 tonne of additional alumina.When they sell alumina,they sell in lots of 30,000 shipment.
Minimum 30,000 tonne of alumina should be sold excess, which can go up to 60,000 tonne also. Between the range of 30,000 to 60,000 tonne of more alumina sale is expected in Q3,as told by Chairman and director of finance BL Bagra.
The second quarter results were well below the street?s estimates in terms of earnings. A huge fuel and power cost bogged Nalco's profitability yet again. The company?s EBITDA performance was down about 62%.
Chairman and director of finance BL Bagra mentioned that the company?s topline was supported by higher prices despite flat volumes. He also indicated that the margins were hit because the supply from Mahanadi coal was disrupted.
Nalco has been targeting 30,000-60,000 tonne of additional alumina sale in third quarter.
In the third quarter Ocotber-December,they should have minimum 40,000 tonne of additional alumina.When they sell alumina,they sell in lots of 30,000 shipment.
Minimum 30,000 tonne of alumina should be sold excess, which can go up to 60,000 tonne also. Between the range of 30,000 to 60,000 tonne of more alumina sale is expected in Q3,as told by Chairman and director of finance BL Bagra.
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