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

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.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Also Read

NBCC bags work orders worth Rs 134.27 crore for school and bank infrastructure projects

V.A.S. Kannen assumes charge as Director (Personnel) of ECIL

"India, Canada working on easing cross-border remittances: Sitharaman

India Inc revenue growth to moderate to 13-15% in Q2; margins to contract: Report

Will consider Air India's biz strategy, other factors before deciding on additional fund requests: Singapore Airlines