The National Aluminium Company Limited (Nalco) has once again repeated its strong performance by posting a turnover of Rs 5,952 crore in the first half of FY 2018-19, and the growth is 42 per cent over H1 of FY 2017-18.
Similarly, the net profit of the company has gone up from Rs 364 crore in H1 of the previous fiscal (2017-18) to Rs 1,197 crore during the first half of 2018-19, registering a growth of 229 per cent.
While the net profit of NALCO in the H1 of current fiscal has increased around three-fold, operating profit of the company has increased more than four-fold, registering Rs 1,624 crore in 2018-19 compared to Rs 334 crore in H1 of FY 2017-18. EBITDA margin of the company during the period has doubled from 17 per cent to 34 per cent.
According to the reviewed financial results for the 2nd quarter and first half of the financial year 2018-19 taken on record by the Board of Directors in the meeting held at Bhubaneswar on Monday, the Nalco achieved a net profit of Rs 510 crore, as against Rs 235 crore in the corresponding quarter of previous fiscal, registering around two-fold growth.
The operating profit of 2nd quarter of FY18-19 has increased by 229 at Rs 735 crore as against Rs 223 crore in the 2nd quarter of FY17-18.