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Nalco reports consolidated profit of Rs 107 cr in September quarter

he company had posted a loss of Rs 28.25 crore for the year-ago period, Nalco said in a filing to BSE

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Nalco | Q2 results

Press Trust of India  |  New Delhi 

Nalco rides on London Metal Exchange gains, sees room for more price hikes

National Aluminium Company Ltd (Nalco) on Wednesday reported a consolidated profit of Rs 107.27 crore for the quarter ended September 30.

The company had posted a loss of Rs 28.25 crore for the year-ago period, said in a filing to BSE.

The company's income during July-September period declined to Rs 2,399.05 crore from Rs 2,420.11 crore in the year-ago period, the filing said.

"The year began with unforeseeable challenges, which has affected the entire world. collective rose to the challenge and braved all odds to overcome the sluggishness in the market and get the business operations back on track amidst the pandemic.

"The company is geared up to take all necessary actions to remain competitive, deliver world-class products to our customers and contribute towards building an Atmanirbhar Bharat," CMD Sridhar Patra said in a statement.

During the quarter, the leading manufacturer and exporter of alumina and aluminium in the country achieved strong growth in export, registering sales of 58,574 metric tonne (MT) of aluminium compared to 16,305 MT in corresponding period last year.

The total alumina sales during the second quarter was 285,718 MT.

During the first half of the ongoing fiscal, the company achieved 3-fold jump with export of 9,3730 MT aluminium compared to 3,0561 MT in the corresponding period last year.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, November 11 2020. 21:56 IST
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