NALCO Q4 net profit dips 13% to Rs 246 crore

Aluminium major NALCO today reported a 13 percent dip in net profit to Rs 246 crore for the quarter ended March 31, 2012 despite higher income.

The National Aluminium Company (NALCO) had reported a net profit of Rs 282 crore for the corresponding period of FY12. Total income of the company increased marginally by 4.63 per cent to Rs 1,867 crore for Q4 as compared to Rs 1,785 crore in the corresponding period of previous fiscal.

The other income of the company, however, declined to Rs 119 crore during January-March 2013 from Rs 159 crore in the corresponding period of the previous fiscal. Total expenses of the company decreased marginally to Rs 1,582 crore during the quarter under review.

The company had recorded total expenses of Rs 1,601 crore during the same quarter of 2011-12. For the full year ended March 31, 2013, the company reported a dip of 20 per cent in its net profit at Rs 693 crore. The company had reported a net profit of Rs 850 crore during the previous fiscal. NALCO's net sales in the last fiscal rose by 5 percent at Rs 6,916 crore vis-a-vis Rs 6,612 crore of FY12.

NALCO is an integrated aluminium maker, with its activities encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. Shares of the company closed at Rs 34.55 apiece, up 2.52 percent from the previous close on BSE.