NALCO’s Q3 Net Profit: Rs. 354 crore Net Sales: Rs. 1877 crore
Bhubaneswar, 11/02/2015: National Aluminium Company Limited (NALCO), a Navratna PSU of Ministry of Mines, Govt. of India, has announced the results for the 3rd quarter ended December 2014.
According to the reviewed financial results for 3rd quarter of the financial year 2014-15, taken on record by the Board in a meeting held in Bhubaneswar yesterday, NALCO has registered a net profit of Rs.354 crore, up 170%, against Rs.131 crore achieved during the corresponding quarter of the previous fiscal.
The net profit for the 9 months ended December 2014 work out to Rs.967 crore, against the corresponding figure of Rs.470 crore for the previous fiscal, i.e. up by 106%. The net sales for the 9 months ended December 2014 is Rs.5,483 crore as compared to Rs. 4,868 crore in the corresponding period of the last financial year.
On the production front, during the first nine months, NALCO produced 14.24 lakh tonnes of alumina hydrate, as compared to 14.26 lakh tonnes achieved during the comparable period of the previous fiscal. Metal production was 2.44 lakh tonnes, against 2.38 lakh tonnes registered during the comparable nine months of the previous fiscal. Power generation was 3,858 MU against 3,760 MU achieved in the corresponding period of the previous year.