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May 22, 2012, 01.43 PM IST
State-owned National Aluminium Company (NALCO) has reported better than expected profit after tax of Rs 282.1 crore for the fourth quarter of FY12, down 8% as compared to Rs 305.3 crore in a year ago period.
Other income increased significantly by 63% year-on-year to Rs 159.4 crore. Exceptional item stood at Rs 63.94 crore and MAT credit entitlement at Rs 39.9 crore during the quarter. Net sales fell 2% to Rs 1,753.4 crore for the January-March quarter of 2012 versus Rs 1,787.5 crore in the corresponding quarter of last fiscal. Analysts on average had expected profit after tax of Rs 120 crore and net sales of Rs 1,674.5 crore. EBITDA dropped 34% year-on-year to Rs 275.6 crore in the March quarter. EBITDA margins too improved at 15.7% versus 23.5% during the same period. On quarter-on-quarter basis, net sales of the company increased 23%, EBITDA 5.8 times and profit after tax shot up 5.5 times.
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