NALCO’s net profit reaches Rs.1095 crore: Jumps by 600 percent
Published By : Prameya News Bureau | November 13, 2021 IST
Share
Bhubaneswar, Nov 13: National Aluminium Company Limited (NALCO) registered a handsome rise in net profit for Q2 FY 21-22 at Rs 748 crore, posting a jump of 600% over Rs 107 crore achieved during the corresponding period of last year. This is one of the strongest performances in a decade, with Net Profit soaring to Rs.1095 crore at the half-early stage. The net profit has soared by 783% to Rs.1095 crore, as against Rs.124 crore for the corresponding period of the previous year. During the quarter, the total income from operations is Rs.3592 crore, registering 51% growth over Q2 of FY 20-21, which was Rs.2375 crore. On the production front, the company registered higher production in 2 nd quarter of FY 21-22 on all fronts, i.e. bauxite production, alumina hydrate production and aluminium 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 tones respectively achieved in Q2 FY 20-21. During the quarter, the company has clocked strong growth in Sales, registering total metal sales of 1.26 lakh metric tonnes (MT) of aluminium compared to 0.91 lakh MT in the preceding quarter. The total alumina sales during the 2 nd quarter registered a strong growth of 11% with the achievement of 3.18 lakh MT compared to 2.86 lakh MT of the corresponding period of last year. Commenting on the impressive performance of the Company, Shri Sridhar Patra, CMD, NALCO said, “I compliment the employees of NALCO for coming back strongly in the aftermath of the Covid pandemic, to deliver strong growth in profits and production. Dedicated efforts of employees in maximizing production have helped NALCO to take advantage of the favorable market conditions.’’
News7 Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
Two terrorists gunned down in J&K’s Baramulla
Lok Sabha polls: Voting begins in UP’s eight parliamentary constituencies
Lok Sabha Phase 2 Elections 2024 kick off with high stakes & wide reach
Ayodhya Saints strongly react to planned visit by Congress leaders Rahul & Priyanka Gandhi
Drugs worth Rs 3.5 cr concealed in pumpkins seized in Manipur
Supreme Court's verdict on pleas seeking mandatory EVM-VVPAT tally tomorrow
Deadline for filing 10A/10AB forms extended upto 30th June
PM Modi lambasts Congress, says Rajiv Gandhi abolished inheritance law to 'save own interests'
Telangana CM Revant Reddy alleges conspiracy to stop reservations in the country
EC sends notice to BJP over MCC violation by PM Modi
Lok Sabha polls: ECI takes cognizance of MCC violations by Rahul Gandhi
PM Modi accuses Congress of "tying hands of soldiers", says we have given full freedom to retaliate
Lok Sabha polls: NCP(SP)’s manifesto promises Rs 1 lakh/year dole to poor women & jobless youth
JDU youth leader shot dead in Bihar’s Patna
Lok Sabha polls: PM Modi to campaign in MP, UP today
Karnataka's Election Commission plans 1,832 special polling booths for inclusive voting
Bridge connecting to Manipur damaged by IED blasts
BRS chief KCR starts 17-day bus yatra to boost party campaign ahead of polls
All three units of EVMs have their own microcontroller: SC informed
India to become one of biggest semiconductor hubs in next 5 years: Vaishnaw