The National Aluminium Company Limited (Nalco) has reported impressive results in the 1st quarter ended June 30. The net profit has jumped to Rs 347.73 crore from Rs 16.63 crore achieved in the corresponding period of previous year. Beating market expectations, amidst challenging business environment, the company has demonstrated robust performance across all its business segments. According to the results taken on record at a meeting of the Board of Directors chaired by CMD Sridhar Patra on Friday, the company has reported revenue from operations of Rs 2,474.55 crore, an increase of 79.2% compared to Rs 1,380.63 crore achieved in the corresponding quarter of the previous year. This is mainly propelled by strong demand, higher volumes, better realisation and effective capacity utilisation of its operational units.
Similarly, during the quarter, the production of bauxite, alumina and aluminium have been 17.61 lakh tonnes, 5.21 lakh tonnes and 1.14 lakh tonnes respectively, compared to 17.10 lakh tonnes, 4.65 lakh tonnes and 0.98 lakh tonnes, respectively, in the comparative period of the last fiscal.