Nalco registers INR 133 crore profit in Q3 2015

The National Aluminium Company Limited (Nalco) has achieved a net profit of INR 133 crore in the third quarter that ended on December 2015 despite global slowdown in the aluminium sector, a release issued by the Navratna company on Friday stated.

The aluminium major has achieved a net profit of INR 226 crore in the second quarter and INR 354 crore during the corresponding quarter of the previous fiscal. The net sales turnover in the third quarter was INR 1,616 crore, stated the release. The net profit for the nine months that ended on December 2015 was INR 523 crore, against the corresponding figure of INR 967 crore for the previous fiscal. The net sales for the nine months of the fiscal was INR 4,866 crore as compared to INR 5,483 crore the corresponding period of the last fiscal.

The PSU has achieved growth in production on all fronts. During the first nine months of the current fiscal, the company achieved production of 45.74 lakh tonne of bauxite, as compared to 43.04 lakh tonne during the same period in the previous fiscal.

The company produced 14.37 lakh tonnes of alumina hydrate, against 14.24 lakh tonne achieved in the corresponding period of the previous fiscal. Metal production was 2.76 lakh tonnes against 2.44 lakh tonnes registered during the comparable nine months of the previous fiscal. The net power generated during the period was 4,351 million units against 3,858 million units last year. Nalco is also fast emerging as a green power producer. The company has generated 134 million units of wind power during the first nine months of this fiscal.