National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Govt. of India, has once again repeated its strong performance by posting a turnover of Rs.5952 crore in the first half of FY 2018- 19, i.e. 42% growth over H1 of FY 2017-18. The net profit of the company has gone up from Rs.364 crore in H 1 of the previous fiscal (2017-18) to Rs.1197 crore during the first half of 2018-19, registering a growth of 229%.
While the net profit of NALCO in the H1 of current fiscal has increased around three-fold, operating Profit of the company has increased more than four-fold, registering Rs.1624 crore in 2018-19 compared to Rs.334 crore in H1 of FY 2017-18. EBIDTA margin of the company during the period has doubled from 17 % to 34%.
According to the reviewed financial results for the 2nd quarter and first half of the financial year 2018-19 taken on record by the Board of Directors in the meeting held at Bhubaneswar today, NALCO has achieved a net profit of Rs.510 crore, as against Rs. 235 crore in the corresponding quarter of previous fiscal, registering around two-fold growth. The operating profit of 2nd quarter ofFY18-19 has increased by 229% at Rs735 crore, as against Rs.223 crore in the 2nd quarter of FY 17-18.