NALCO posts higher than ex­pected Q3 prof­its

The Free Press Journal - - CORPORATE -

Na­tional Alu­minium Com­pany Lim­ited (NALCO) has de­clared its fi­nan­cial re­sults for the third quar­ter ended De­cem­ber 2018 and up to end 3rd quar­ter 2018-19. NALCO has posted a higher than ex­pected op­er­at­ing profit of Rs 589 crore reg­is­ter­ing 80 per cent growth over the same pe­riod of last year. Net profit of the com­pany for the third quar­ter is Rs 302 crore and the net profit for the pe­riod from April 2018 to De­cem­ber 2018 has grown to Rs 1,499 crore as against Rs 1,085 crore of last year same pe­riod i.e. 38 per cent growth. NALCO achieved pro­duc­tion of 55.39 lakh tonnes of baux­ite, as com­pared to 54.40 lakh tonnes achieved dur­ing the com­pa­ra­ble pe­riod of the pre­vi­ous fis­cal.

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