Moneycontrol
Aug 10, 2017 09:50 AM IST | Source: Moneycontrol.com

NALCO tumbles 7% on fall in Q1 net profit; production increases

The company's Q1 net profit was down 4.5 percent at Rs 128.9 crore against Rs 135 crore, in the same quarter last year.

NALCO tumbles 7% on fall in Q1 net profit; production increases

Moneycontrol News

Shares of National Aluminium Company (NALCO) tumbled 7 percent intraday Thursday as it has reported fall in its net profit during the quarter ended June 2017.

The company's Q1 net profit was down 4.5 percent at Rs 128.9 crore against Rs 135 crore, in the same quarter last year.

Meanwhile, revenue of the company has increased 14 percent at Rs 1911.6 crore versus Rs 1666.1 crore.

The operating profit (EBITDA) was up 16.9 percent at Rs 227.5 crore and EBITDA margin was at 12.62 percent.

The company has achieved remarkable growth in production on all fronts. During the quarter, bauxite production was 18.81 lakh tonnes, registering a 10.4 percent growth, company said in press release.

Alumina hydrate production was 5.26 lakh tonnes, which is 0.4 percent higher.

During the quarter, the company produced 1,00,695 tonnes of aluminium and the net power generated during the quarter was 1,599 million units.

At 09:45 hrs National Aluminium Company was quoting at Rs 66.50, down Rs 3.85, or 5.47 percent on the BSE.

Posted by Rakesh Patil
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