Stock Market Tips - Nalco registers Rs 129 crore profit in Q1

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The National Aluminium Co (NALCO) has registered a net profit of Rs 129 crore in the first quarter (Q1) of the current fiscal 2017-18, compared to Rs 135 crore in the corresponding previous fiscal.

According to the reviewed financial results for the first three months of this financial year, taken on record by the Board of Directors in a meeting held here on Wednesday, operating income is up by 45 per cent compared to the same period the previous year.

NALCO has achieved remarkable growth in production on all fronts, said a statement.

During the quarter, bauxite production was 18.81 lakh tonnes, registering a 10.4 per cent growth over 17.04 lakh tonnes produced in the corresponding period of previous year.

Alumina hydrate production was 5.26 lakh tonnes, which is 0.4 per cent higher as compared to 5.24 lakh tonnes produced during the corresponding period of last fiscal, the statement said.

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