Monday, November 29, 1999

Nalco Q4 profit up, FY10 net down

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National Aluminium (Nalco), the Navratna PSU and India's largest integrated manufacturer and exporter of alumina and aluminium, has posted a net profit of Rs 391.48 crore during the fourth quarter of fiscal 2009-10 recording an increase of 371%, over Rs 83.02 crore earned in the same quarter of the previous year."The improved profit in the fourth quarter is due to enhanced volume of production and sale, improved consumption norms of input materials and increasing trend in LME aluminium price during the quarter, which in turn helped the company achieve better sales realization in alumina and metal," said Nalco CMD AK Srivastava.For FY10, profits dipped with the net profit and turnover for the financial year 2009-10 at Rs 832.60 crore and Rs 5310.46 crore respectively, against the corresponding figures of Rs 1272.22 crore and Rs 5531.06 crore achieved during the previous year.The company Board of Directors at its meeting on Friday in Delhi took on record the unaudited financial results for Q4.A company spokesperson said the average sales realization of aluminium for the year 2009-10 was $1946 per tonne against $2234 per tonne in the previous year, resulting in a lower price realization of about $288 per tonne. The negative impact on profits, due to adverse price variation, is Rs 772 crore for the year 2009-10.During 2009-10, Nalco achieved an all-time high in production of alumina and aluminium. The company achieved the highest-ever metal production of 4.31 lakh tonne in 2009-10, against the previous best of 3.61 lakh tonne in 2008-09, with an increase of 14.4%.

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