Bhubaneswar:10/2/18; The National Aluminium Company Limited (NALCO) has achieved a record net profit of Rs 722 crore in the third quarter ended December 2017, the company said on Friday.
The company has been able to break the highest-ever net profit figures in a quarter during the last ten years.
NALCO declared its financial results for the third quarter of the financial year 2017-18 at the Board meeting held in Odisha capital.
NALCO has achieved a record net profit of Rs 722 crore (growth of 207 per cent), as against Rs 235 crore in the preceding quarter and Rs 144 crore in the corresponding quarter of the previous fiscal, said a company statement.
The net sales in the third quarter were Rs 2,360 crore.
Similarly, the net profit for the nine months ended December 2017 works out to Rs 1,085 crore (growth of 171 per cent), against the corresponding figure of Rs 400 crore for the previous fiscal, the statement added.
The net sales for the nine months of the fiscal are Rs 6,538 crore as compared to Rs 5,071 crore in the corresponding period of the last financial year, said the statement.
NALCO has also achieved record growth in production on all fronts. During the first nine months of the current fiscal, NALCO achieved production of 54.40 lakh tonnes of bauxite, as compared to 53.23 lakh tonnes achieved during the comparable period of the previous fiscal.
The company produced 15.51 lakh tonnes of alumina hydrate, against 15.27 lakh tonnes achieved in the corresponding period of the previous financial year.