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13 NOVEMBER 2021 AL CIRCLE

Nalco posts seven-fold upswing in profit to INR 747 crore in Q2

EDITED BY : RUPANKAR MAJUMDER 1MINS READ

On 12th November 2021, the Indian state-owned company having integrated and diversified operations in mining, metal and power under the ownership of the Ministry of Mines, National Aluminium Co Ltd (Nalco) reported a nearly seven-fold upswing in consolidated profit at INR 747.80 crore for the quarter ended 30th September 2021.

Nalco posts seven-fold upswing in Q2 profit

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The Navratna CPSE under Ministry of Mines, Nalco stated during a BSE filing: “The Company had posted a consolidated profit of INR 107.27 crore in the year-ago period.”

The filing revealed: “The consolidated income of the company during the July-September quarter increased to INR 3,634.59 crore over INR 2,399.05 crore in the year-ago period.”

Nalco posts seven-fold upswing in Q2 profit

Nalco’s net profit leapt by 597.12% to INR 747.80 crore in the quarter ended September 2021 as against INR 107.27 crore during the previous quarter ended September 2020.

Outlook for the Indian Aluminium Industry

However, the aluminium company's sales jumped by 51.26% to INR 3592.18 crore in the quarter ended September 2021 as against INR 2374.89 crore during the prior quarter ended September 2020.


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EDITED BY : RUPANKAR MAJUMDER 1MINS READ

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