Nalco Q2 net jumps from Rs 4.78 crore to Rs 179 crore

New Delhi, National Aluminium Company reported manifold jump in net profit at Rs 179.17 crore for the July-September quarter, primarily due to rise in revenues from chemicals business and decline in the power and fuel costs.  NALCO  had reported net profit of Rs 4.78 crore for the second quarter of last fiscal (2012-13).

 

Net sales of the company in Q2, 2013-14 rose by 7.83 per cent to Rs 1,710.09 crore . Nalco said in a filing to the BSE. The company's chemicals business, which dislodged aluminium from being the main business in Q2, increased by 49 per cent to Rs 965.50 crore.

 

Nalco managed to cut its expenditure to Rs 1,599.17 crore in Q2, from the levels of Rs 1,733.88 crore a year ago, as its expenses on power and fuel declined 32 per cent to Rs 513.15 crore. Millennium post.