NALCO Q1 Results: Profit falls 40% to Rs 334 crore
NALCO Q1 Results: National Aluminium Company Limited (NALCO) on Friday posted a 40 per cent decline in consolidated net profit to Rs 333.76 crore for the June quarter due to lower income.
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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. Pic: Reuters
NALCO Q1 Results: National Aluminium Company Limited (NALCO) on Friday posted a 40 per cent 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.
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.
Also Read: Voltas Q1 Results: Net profit rises 18.2% to Rs 129.4 crore
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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 per cent from its previous close.
Written By: PTI
Updated: Sat, Aug 12, 2023
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