Tuesday, October 4, 2022

Nalco Q1Fy23: A rise of 61% in net profit to Rs 558 crore

NALCO has reported a 60.5 percent rise in consolidated profit at Rs 557.91 crore for the quarter ended June

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New Delhi/ Bhubaneswar: National Aluminium Company Limited (NALCO), the Navratna CPSE, under the Ministry of Mines, GOI and India’s largest integrated manufacturer and exporter of alumina and aluminium, on Monday reported results for the Financial Year 2020-21. According to the audited financial results, taken on record in the Board of Directors meeting held at Bhubaneswar, NALCO has reported a 60.5 percent rise in consolidated profit at Rs 557.91 crore for the quarter ended June on the back of higher revenue from operations.

The company had posted a consolidated profit of Rs 347.48 crore in the year-ago period, Nalco said in a regulatory filing.

The mining PSU’s consolidated revenue from operations increased to Rs 3,783.32 crore, over Rs 2,474.55 crore last year.

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