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This is an archive article published on November 12, 2011
Nalco Q2 net dips 38 to Rs 139 cr
Nalco reported 38 per cent dip in net profit to Rs 139 crore.
State-run National Aluminium Company Nalco today reported 38 per cent dip in net profit to Rs 139 crore for the second quarter of the current fiscal on higher input costs.
It had reported Rs 224 crore net profit in July-September quarter of the last fiscal,it said in a filing to the BSE.
Total income of the company was up by 9 per cent to Rs 1,614 crore during the quarter. The expenditure side grew to Rs 1,579 crore from Rs 1,227 crore in the corresponding quarter last fiscal.
Exepnses were higher particularly because of the rise in raw material prices and power amp; fuel.
Nalco consumed raw material worth Rs 284 crore during the quarter compared to Rs 167 crore a year ago. Similarly,its power and fuel costs went up to Rs 639 crore from Rs 490 crore.
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