 "National Aluminium surges on robust Q2 results")
National Aluminium (Nalco) has surged 8% to Rs 63.10 on National Stock Exchange (NSE) after reporting a robust 91% year on year jump in net profit to Rs 342 crore for the second quarter ended September 30, 2014 (Q2), on back of higher income and operational performance.
The state-run aluminium maker had profit of Rs 179 crore in the same quarter last fiscal.
Total operational income of the company rose 15% to Rs 1,996 crore from Rs 1,738 crore a year earlier. Total expenses of the company however, rose marginally by 1.6% to Rs 1,625 crore from Rs 1,599 crore.
The stock opened at Rs 63 and hit a high of Rs 64.30 on NSE so far. A combined 1.64 million shares changed hands on the counter in first 10 minutes of trade on NSE and BSE.
The state-run aluminium maker had profit of Rs 179 crore in the same quarter last fiscal.
Total operational income of the company rose 15% to Rs 1,996 crore from Rs 1,738 crore a year earlier. Total expenses of the company however, rose marginally by 1.6% to Rs 1,625 crore from Rs 1,599 crore.
The stock opened at Rs 63 and hit a high of Rs 64.30 on NSE so far. A combined 1.64 million shares changed hands on the counter in first 10 minutes of trade on NSE and 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 →*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%