NALCO’s profit has declined by 40% to reach Rs 334 crore in Q1
NALCO posted a 40 per cent decline in consolidated net profit to Rs 333.76 crore for the June quarter due to lower income.
It had clocked a net profit of Rs 557.91 crore in year-ago quarter, the company said in a regulatory filing.
The company’s total income dropped to Rs 3,226.88 crore in the first quarter of the current fiscal compared to Rs 3,847.17 crore in the year-ago period.
Odisha-based NALCO is one of the largest integrated aluminium producers in the country.
Shares of the company closed at Rs 94.24 apiece on the BSE on 11th August 2023, down 0.81 per cent from its previous close.