National Aluminium Company (NALCO), the Navratna PSU and country’s leading manufacturer and exporter of alumina and aluminium,has declared its financial results for upto 3rd quarter ended December 2017.
According to the reviewed financial results for the 3rdquarter of the financial year 2017-18, NALCO has achieved a record net profit of Rs.722 crore (growth of 207%),as against Rs.235 crore in the preceding quarter and Rs. 144 crore in the corresponding quarter of previous fiscal. The net sales in the 3rdQuarter was Rs.2360 crore. With this, the company has been able to break the highest-ever netprofit figures in a quarter during the last ten years.
Similarly, the net profit for the 9 months ended December 2017 works out to Rs.1085 crore (growth of 171%), against the corresponding figure of Rs. 400 crore for the previous fiscal. The net sales for the 9 months of the fiscal are Rs.6538 crore as compared to Rs. 5071 crore in the corresponding period of the last financial year.