Aluminium giant Nalco today reported a 96.5 per cent drop in
its net profit at Rs 4.78 crore for the quarter ended September 30, due to
increase in power and fuel cost and lower sales. The company had reported a net
profit of Rs 139.34 crore for the corresponding period last fiscal.
Total income for the company, however, rose 12 per cent to
Rs 1,808.32 crore for the Q2 of FY 13 as compared to Rs 1,613.67 crore during
the same period last year, the company said in a BSE filing. The cost of power
and fuel had gone up increased by about Rs 108 crore, while lower sales of
volumes of aluminium arising out of lower production cost the company Rs 101
crore.
"Profit during the quarter as compared to corresponding
quarter of the previous year is substantially lower due to increase in price of
input material, including coal and fuel, by about Rs 124 crore," it said.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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