NALCO says Q1 net profit up 32% on year

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NALCO says Q1 net profit up 32% on year

National Aluminium Company Limited (NALCO) said first quarter net profit rose 32% to Rs 3.77 billion (USD 83 million) from Rs 2.84 billion in the year ago quarter.

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National Aluminium Company Limited (NALCO) said first quarter net profit rose 32% to Rs 3.77 billion (USD 83 million) from Rs 2.84 billion in the year ago quarter.

NALCO which is India's third largest producer of aluminum, attributed the profit to enhanced volumes and better sales realization of alumina.

Quarterly sales rose to Rs 18.51 billion from Rs 13.88 billion in the corresponding quarter of the previous year, the company said in an email statement late on Friday.