Nalco Q2 net profit surges 94% to Rs 235 crore

Buoyant market, focus on cost reduction drive profitability

National Aluminium Company’s (Nalco) net profit for the July-September quarter surged 94 per cent to Rs 235 crore compared with Rs 121 crore logged in the same period of 2016-17. On a sequential basis, the net profit rose 82 per cent compared with Rs 129 crore achieved in April-June quarter of this fiscal. 
 

The company’s strong performance after the rollout of Goods & Services Tax (GST) came on the back of its strategy to ramp up production during a downturn, focus on cost reduction and buoyant market conditions led by favourable alumina prices.
 

“The market harvesting in alumina segment and