Nalco Q3 net zooms 170%

The aluminium major's net profit for the nine month period ended Dec 31 last year works out to be Rs 967 cr, 106% higher than Rs 470 cr achieved in the same period of 2013-14

National Aluminium Company (Nalco) has recorded 170 per cent jump in its net profit for the quarter ended December 31, 2014 at Rs 354 crore as against Rs 131 crore posted in the corresponding period of previous fiscal.

The aluminium major's net profit for the nine month period ended December 31 last year works out to be Rs 967 crore, 106 per cent higher than Rs 470 crore achieved in the same period of 2013-14. Nalco's net sales for this same period stood at Rs 5,483 crore, 12.63 per cent growth over Rs 4,868 crore in the same period of last fiscal. Nalco's alumina hydrate production declined slightly from 1.426 million tonne (mnt) to 1.424 mnt in the April-December period. Metal production in the period under review was 244,000 tonne, tad higher than 238,000 tonne.