State-owned National Aluminium Company (Nalco) today reported an 80% plunge in net profit for the third quarter ended December, at Rs 51.22 crore, although income remained almost stable.
The company had clocked Rs 256 crore net profit in the October-December quarter of last fiscal (2010-11), Nalco said in a filing to the Bombay Stock Exchange (BSE).
Nalco's total income during the reporting quarter stood at Rs 1,449 crore, as against Rs 1,443 crore in the year-ago period.
Total expenditure of the company rose to Rs 1,508 crore compared to Rs 1,157 crore a year ago.
Power & fuel costs went up to Rs 568 crore vis-a-vis Rs 443 crore. Raw material consumption during the period was also up at Rs 265 crore against Rs 208 crore during the same period period of previous fiscal.
Nalco scrip closed at Rs 61.90 apiece, down 2.9% over the previous closing on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app