Home / Companies / News / Nalco's FY20 pre-tax profit tanks 93% to Rs 226 cr as alumina prices sag

Nalco's FY20 pre-tax profit tanks 93% to Rs 226 cr as alumina prices sag

Intermittent disruptions in coal supply had forced Nalco to buy costlier power from Odisha grid which had a telling impact on its top line and profitability

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

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Nalco achieved significant growth in production and sales during 2019-20

2 min read Last Updated : Jun 26 2020 | 8:16 PM IST

National Aluminium Company (Nalco)’s net profit for FY20 nosedived 92 per cent to Rs 138.23 crore as against Rs 1,732.4 crore, a record profit that the navratna company logged in 2018-19. The central PSU’s profit before tax for the year ended March 31, 2020 stood at Rs 226.24 crore, recording a steep fall of 91.74 per cent vis-à-vis Rs 2,739.92 crore in FY19.

Sagging international alumina prices and intermittent disruptions in coal supplies had forced Nalco to buy costlier power from the Odisha grid which had a telling impact on its topline and profitability. Nalco posted back-to-back and rare quarterly losses

Topics : Nalco

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