NALCO profit falls 40% to Rs 334 crore in Q1 of FY'24 
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NALCO profit falls 40% to Rs 334 crore in Q1 of FY'24

NALCO posted a 40 percent decline in consolidated net profit to Rs 333.76 crore for the June quarter due to lower income

PSU Watch

New Delhi: National Aluminium Company Limited (NALCO) on Friday posted a 40 percent decline in consolidated net profit to Rs 333.76 crore for the June quarter due to lower income.

It had clocked a net profit of Rs 557.91 crore in year-ago quarter, the company said in a regulatory filing.

Also read:NALCO posts net profit of Rs 1544 crore in FY 2022-23

The company's total income dropped to Rs 3,226.88 crore in the first quarter of the current fiscal compared to Rs 3,847.17 crore in the year-ago period.

Odisha-based NALCO is one of the largest integrated aluminium producers in the country.

Shares of the company closed at Rs 94.24 apiece on the BSE on Friday, down 0.81 percent from its previous close.

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