Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
09 AUGUST 2018 AL CIRCLE

Nalco surpasses its highest recorded net profit at INR 687 crore against 34% revenues jump in Q1 2018-19

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

National Aluminium Company (Nalco), one of the largest integrated aluminium companies, wears a success hat for recording a fivefold jump in net profit in the first quarter of financial year ending on June 30, 2018. From INR 129 crore in the year-ago period, the state-run firm’s net profit has clocked at INR 687 crore in Q1 FY2018-19, reportedly surpassing the whole net profit of INR 642 crore in FY 2013-14.

"As compared to the corresponding quarter of the last year, the growth in net profit has jumped by a whopping 433 per cent, from INR 129 crore to INR 687 crore," Nalco said in a statement.

{alcircleadd}

The revenues also jumped 34 per cent to INR 3035.42 crore in Q1 FY2018-19 against INR 1997.43 crore in the corresponding period of the previous year, attributed primarily to the surge in revenue profit from its alumina business. The company’s Damanjodi unit has earned a name as the lowest cost producer of alumina, besides reportedly focusing on pre and post sales service coupled with quality that helped it command a high premium in the international market.

Compared to the last quarter of financial year 2017-18 ending on March 31, Nalco’s operating profit in Q1 FY2018-19 recorded a two-fold hike from INR 362 crore to INR 889 crore. EBITDA margin increased too from 19 per cent to 36 per cent, despite a growth in input cost by 15 to 20 per cent during the first quarter in contrast to the previous one, reported the company.

During the quarter, bauxite production stood at 18.59 lakh tonnes, as against the 18.81 tonnes produced during the corresponding period of the previous year. Alumina hydrate production was at 5.83 lakh tonnes, 10.74 per cent up from 5.26 lakh tonnes produced during the corresponding period of the last fiscal. Aluminium production also rose8.85 per cent during the quarter, from 1.01 lakh tonnes in Q1 FY 2017-18 to 1.10 lakh tonnes in Q1 FY 2018-19.

Tapan Kumar Chand, CMD, Nalco, accredited all the success to team work, strong cost focus, and strategic planning as well.

Nalco’s total sales of alumina were seen at 3.20 lakh tonnes, while that of aluminium at 1.05 lakh tonnes in Q1 2018-19.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.