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Nalco Q3 net dips 80% to Rs 51 cr

Press Trust of India / Mumbai Feb 06, 2012, 17:02

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State-owned National Aluminium Company (Nalco) today reported an 80% plunge in net profit for the third quarter ended December, at Rs 51.22 crore, although income remained almost stable.

BSE NSE  LTP 57.60 57.55   Chg -1.45 -0.85   Chg(%) -2.46% -1.46%

Results Snapshot more  Sales 6500.26  Total Expenses 5556.61  Net Profit 849.50  EPS(TTM) 1288.62  Equity 3.30

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The company had clocked Rs 256 crore net profit in the October-December quarter of last fiscal (2010-11), Nalco said in a filing to the Bombay Stock Exchange (BSE).

Nalco's total income during the reporting quarter stood at Rs 1,449 crore, as against Rs 1,443 crore in the year-ago period.

Total expenditure of the company rose to Rs 1,508 crore compared to Rs 1,157 crore a year ago.

Power & fuel costs went up to Rs 568 crore vis-a-vis Rs 443 crore. Raw material consumption during the period was also up at Rs 265 crore against Rs 208 crore during the same period period of previous fiscal.

Nalco scrip closed at Rs 61.90 apiece, down 2.9% over the previous closing on the BSE.