National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines, Govt. of India and country's leading manufacturer and exporter of alumina and aluminium, clocked a net profit of Rs 240 cr for the 3rd quarter ended Dec 2020. The net profit has jumped by 123% over the previous quarter of current fiscal, which was Rs 107 cr.The net profit for the nine months ended Dec 2020 has grown more than ten-fold to Rs 364 crore as against Rs 35 cr in corresponding period of last year. The total income in Q3 of FY21 witnessed substantial growth, clocking Rs 2,415 cr compared to Rs 2,137 cr in Q3 of FY20. On sales front, the net sales of alumina hydrate for Q3 of FY21 was 3.44 lakh tonnes compared to 3.33 lakh tonnes achieved in the corresponding period of last year.
Aluminium export also registered impressive growth, with sales volume of 1.38 lakh tonnes during the first nine months of FY21 as compared to 0.50 lakh tonnes during the same period of FY20.
On production front, the Company achieved strong growth in Q3 of FY21, with Bauxite production of 19.34 lakh tonnes, Alumina hydrate production of 5.55 lakh tonnes while metal production achieved was 1.02 lakh tonnes.