NALCO reports 23% drop in Q1 net profit

National Aluminium Company (NALCO) has reported results for first quarter ended June 30, 2016.

The company has reported 22.55% fall in its net profit at Rs 135.01 crore for the quarter ended June 30, 2016 as compared to Rs 174.32 crore for the same quarter in the previous year. Total income of the company however increased by 3.26% to Rs 1682.63 crore for the quarter under review from Rs 1629.48 crore for the corresponding quarter of the previous year.

NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.