Nalco Shines with 78% Profit Boost: A Financial Leap Forward
Nalco, a leading aluminium and power complex, reported a 78% increase in net profit to Rs 1,049.48 crore for the June quarter, driven by significant revenue growth. Income surged 35% to Rs 3,930.45 crore, fueled by higher chemical and aluminium revenues. A final dividend was also announced.
- Country:
- India
State-owned Nalco has reported a significant 78% increase in consolidated net profit, reaching Rs 1,049.48 crore in the June quarter of this fiscal year. This surge is attributed to a robust rise in revenues across its main business segments.
The aluminium giant had previously recorded a net profit of Rs 588 crore in the corresponding quarter of the last fiscal year. The company's total income rose by 35% to Rs 3,930.45 crore, in comparison to Rs 2,916.62 crore from a year earlier.
Revenues in the chemical sector increased dramatically to Rs 1,628.11 crore, marking a 91% rise, while aluminium revenues climbed by 7% to Rs 2,708.34 crore. In addition to this positive financial performance, the Board of Directors has proposed a final dividend, pending approval at the upcoming AGM.
(With inputs from agencies.)
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