Nalco H1 turnover rises 42 percent

Nalco H1 turnover rises 42 percent

FPJ BureauUpdated: Wednesday, May 29, 2019, 04:48 AM IST
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BHUBANESWAR: Aluminium major National Aluminium Company (Nalco) has posted a turnover of Rs 5,952 crore in the first half of fiscal 2018-19, registering a 42 per cent growth. The company’s net profit rose 229 per cent to Rs 1,197 crore in the period, Nalco said. Operating profit increased over four-fold to Rs 1,624 crore in the first half of 2018-19 compared with Rs 334 crore in H1 of last year. EBITDA margin doubled from 17 per cent to 34 per cent.

According to the reviewed financial results for the September quarter and first half of financial year 2018-19, Nalco achieved a net profit of Rs 510 crore as against Rs 235 crore in the year-ago period. The operating profit rose by 229 per cent to Rs 735 crore as against Rs 223 crore a year ago.

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