Bhubaneswar, Feb 7 : The National Aluminium Company Limited (NALCO), one of India’s largest integrated manufacturers and exporters of alumina and aluminium, has registered a nearly 3.5-fold increase in Net profit to clock Rs 831 crore in Q3 of FY2. A release issued here by the company said it had surpassed several milestones in its journey of business excellence in Q3 of the financial year 2021-22. The Company registered a nearly 3.5-fold increase in Net profit of Rs 831 crore in Q3 of FY22, a jump of 246 per cent compared to Rs 240 crore in Q3 of FY21.
It has created the highest profit figure since inception for the first nine-month period, with a Net profit of Rs 1,926 crore for the period ending December 2021, which is a 5-fold increase and a substantial jump of 429 per cent over 364 crores posted in the corresponding period of the previous fiscal.
The total revenue from operations in Q3 of FY22 witnessed substantial growth, touching Rs 3,773 crores compared to Rs 2,379 crores in Q3 of FY21. The results of the Navratna CPSE, under the Ministry of Mines, Govt. of India, were driven by the sustained supply of raw material, optimized production, strategic sourcing of power, particularly during the period of coal crisis, better realization and effective capacity utilization of its operational units.
