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NALCO's Q3 net profit jumps over two-fold
Edited by : AL CIRCLE
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Aluminium major National Aluminium Company (NALCO) today reported more than two-fold jump in net profit to INR 118.94 crore for the quarter ended December on the back of improved sales.
NALCO had reported a net profit of INR 51.22 crore for the corresponding period in FY'12. The total income of the company increased by 16.67 per cent to INR 1,692.82 crore for the quarter ended December 31 as compared to INR 1,450.85 core a year ago.
State-run NALCO is an integrated aluminium maker, with its activities encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.
The government holds 87.15 per cent stake in the company. Shares of the company were trading at INR 50.15 apiece, up 7.16 per cent from the previous close on Bombay Stock Exchange.
NALCO had reported a net profit of INR 51.22 crore for the corresponding period in FY'12. The total income of the company increased by 16.67 per cent to INR 1,692.82 crore for the quarter ended December 31 as compared to INR 1,450.85 core a year ago.
State-run NALCO is an integrated aluminium maker, with its activities encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.
The government holds 87.15 per cent stake in the company. Shares of the company were trading at INR 50.15 apiece, up 7.16 per cent from the previous close on Bombay Stock Exchange.
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