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NALCO earns a net profit Rs 119 crore in Q3

Posted on Jan 31, 11:31AM | UNI

Bhubaneswar,Jan 30 : National Aluminium Company Limited (NALCO), a Navratna PSU of Ministry of Mines, has registered a net profit of Rs 119 crore for the 3rd quarter ended December 2012.

According to the reviewed financial results for 3rd quarter of the financial year 2012-13, taken on record by the designated committee of the Board in a meeting held in New Delhi today, NALCO's profit has gone up by 133 per cent against Rs 51 crore achieved during the corresponding quarter of the previous fiscal.

The net sales also rose to Rs 1670 crore, against Rs 1430 crore registered during the corresponding quarter of the previous fiscal.

The net profit and net sales for the 9 months ended December 2012 work out to Rs 347 crore and Rs 4974 crore respectively, against the corresponding figures of Rs 567 crore and Rs 4747 crore of the previous fiscal.

On the production front, during the first nine months, NALCO produced 12.70 lakh tonnes of alumina hydrate, as against 11.77 lakh tonnes achieved during the comparable period of the previous fiscal.

However, the metal production was slightly less at 3.05 lakh tonnes as planned, against 3.09 lakh tonnes registered during the comparable nine months of the previous fiscal.