The National Aluminium Company Limited (Nalco) has declared its financial results for the 3rd quarter ended December 2018 and up to end 3rd quarter 2018-19.
The reviewed financial results for the 3rd quarter of 2018-19 taken on record by the its Board meeting at New Delhi on Friday show the company has posted a higher-than-expected operating profit of `589 crore registering a 80%-growth over the same period of last year. The net profit for the 3rd quarter is `302 crore and the net profit for the period from April to December 2018 has grown to Rs 1,499 crore against `1,085 crore of same period last year, i.e.. a 38%-growth.
The net sales for the nine months of the fiscal are `8,644 crore, i.e., a 32%-growth over the same period of last year. The company has also achieved record growths in production in all fronts. It had a production of 55.39 lakh tonnes of bauxite and 15.92 lakh tonnes of alumina hydrate.
Metal production was 3.29 lakh tones. The net power generated during the period was 4,580 million units. The company generated 310 million units of wind power during the first nine months of this fiscal.