NALCO's Q3 profit jumps over two-fold to Rs 118.94 crore
New Delhi: Aluminium major NALCO on Wednesday reported more than two-fold jump in net profit to 118.94 crore for the quarter ended December 31, 2012, on the back of improved sales.
The National Aluminium Company (NALCO) had reported a net profit of Rs 51.22 crore for the corresponding period of FY12.
Total income of the company increased by 16.67 percent to Rs 1,692.82 crore for the quarter ended December 31 as compared to Rs 1,450.85 core in the corresponding period of previous fiscal.
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 percent stake in the company.
Shares of the company were trading at Rs 50.15 apiece, up 7.16 percent from the previous close on the BSE.