Nalco Q2 net dips 38pc to Rs 139cr on higher input costs
State-run National Aluminium Company (Nalco) today reported 38% dip in net profit to Rs 139 crore for the second quarter of the current fiscal on higher input costs.business Updated: Nov 13, 2011 01:38 IST
State-run National Aluminium Company (Nalco) on Saturday reported 38% 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% 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.
Expenses were higher particularly because of the rise in raw material prices and power & 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.