The Nalco, in its financial results for the 3rd quarter ended December 2015, has achieved a net profit of Rs133 crore, as against Rs226 crore in the preceding quarter and Rs354 crore in the corresponding quarter of previous fiscal.
The net sales turnover in the quarter was Rs1616 crore. Though the average lME up to Q3 in 2015-16 has come down by 300 US dollars per tonne of metal approximately, i.e. about 17 per cent lower realisation, the dip in turnover has been limited at the level of 11 per cent due to company’s focus on production and productivity.
The Nalco has registered profits in all the three quarters of the present fiscal despite the global aluminium industry reeling under a severe market slowdown and many companies reporting loss.
The net profit for the 9 months ended December 2015 is Rs523 crore against the corresponding figure of Rs967 crore for the previous fiscal. The net sales for the 9 months is Rs4,866 crore compared to Rs5,483 crore in the corresponding period of the last fiscal.