 "NALCO dips on posting 34% decline in net profit")
Aluminium maker NALCO is trading lower by nearly 2% at Rs 37 on the BSE after the company reported a 34% decline in its net profit to Rs 226 crore for the September quarter as against Rs 342 crore in the corresponding quarter last year.
Meanwhile, the net income also declined by 9% at Rs.1,780 crore during the quarter under review as against Rs 1,955 crore during the same quarter previous year.
Compared to the gross profit of Rs.539 crore in the year-ago quarter, Nalco posted a subdued gross profit at Rs.358 crore this year. Tax expenses during the period under consideration also saw a fall of 33%.
The stock opened at Rs 37.25 and touched a low of Rs 36.45 on the BSE. A total of 25,596 shares changed hands on the BSE so far.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%