National Aluminium Company Limited (NALCO), the country’s leading manufacturer and exporter of alumina and aluminium, clocked a net profit of Rs.240 crores for the 3rd quarter ended December 2020. The net profit has jumped by 123 % over the previous quarter of current fiscal, which was Rs.107 crore.
The net profit for the nine months ended December 2020 has grown more than ten-fold to Rs.364 crore as against Rs.35 crore in corresponding period of last year. The total income in Q3 of FY21 witnessed substantial growth, clocking Rs.2,415 crores compared to Rs.2,137 crores in Q3 of FY20.
Nalco CMD Mr. Sridhar Patra, said, “NALCO has shown overall growth and resilience to script a turnaround after the peak period of COVID19 outbreak. The employees and workers delivered, when it mattered under challenging circumstances. The Company is geared up to meet the increase in demand with the gradual opening up of the market and the economy.