The National Aluminium Company Limited (Nalco) registered a good rise in net profit for Q2 FY 21-22 at Rs 748 crore, posting a jump of 600% over last year’s Rs 107 crore.
This is one of the strongest performances in a decade when a net profit soared by 783% to Rs 1,095 crore at half-yearly stage as against Rs 124 crore for the corresponding period of last year.
During the quarter, the total income from operations was Rs 3,592 crore, registering a 51% growth over Q2 of FY 20-21, which was Rs 2,375 crore.
On production front, the company registered higher production in 2nd quarter of FY 21-22 on all fronts, i.e., bauxite production, alumina hydrate production and aluminum cast metal production.
During the Q2 FY 21-22, the company achieved bauxite production of 18.88 lakh tonnes, alumina hydrate production of 5.30 lakh tonnes and metal production of 1.14 lakh tonnes, compared to 17.04 lakh tonnes, 4.87 lakh tonnes and 1.06 lakh tonnes respectively achieved in Q2 FY 20-21. Subsequently, during the quarter, the company also clocked strong growth in sales, registering total metal sales of 1.26 lakh MT of aluminum compared to 0.91 lakh MT in preceding quarter.
The total alumina sales during the 2nd quarter registered strong growth of 11% with achievement of 3.18 lakh MT compared to 2.86 lakh MT of corresponding period of last year.