Aluminium major National Aluminium Company (NALCO) today reported more than two-fold jump in net profit to Rs 118.94 crore for the quarter ended December on the back of improved sales.
NALCO had reported a net profit of Rs 51.22 crore for the corresponding period in FY'12. The total income of the company increased by 16.67 per cent to Rs 1,692.82 crore for the quarter ended December 31 as compared to Rs 1,450.85 core a year ago.
State-run NALCO is an integrated aluminium maker, with its activities encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.
The government holds 87.15 per cent stake in the company. Shares of the company were trading at Rs 50.15 apiece, up 7.16 per cent from the previous close on Bombay Stock Exchange.
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