MoneyWorks4Me

National Aluminium Company reports 2-fold rise in Q3 net profit

30 Jan 2013 Evaluate

National Aluminium Company has reported results for third quarter ended December 31, 2012.

The company has posted over 2-fold rise its net profit at Rs 118.94 crore for the quarter as compared to Rs 51.22 crore for the same quarter in the previous year. Total income of the company has increased by 14.49% at Rs 1805.50 crore for quarter under review as compared to Rs 1577.00 crore for the quarter ended December 31, 2011.

Nalco, which is India's third-largest producer of aluminium, revises product prices from time to time to mirror London Metal Exchange prices. It last raised aluminium prices across all products by Rs 4,500 on December 01, 2012.

Peers