By Bizodisha Bureau, Bhubaneswar, February 13, 2017 : Aluminium maker National Aluminium Company Limited (NALCO) on Monday announced to have recorded a net profit of Rs 143.92 crore in the third quarter of the 2016-17 fiscal down by 2.67% compared to its standalone net profit at Rs 147.88 crore for the third quarter ended December 2016.

However, the Navratna PSU’s performance in third quarter was impressive compared to the preceding quarter’s profit of Rs 121 crore. Moreover, total standalone income of the country’s leading manufacturer and exporter of alumina and aluminium, rose 14 percent to Rs 1,988.13 crore in October-December quarter this fiscal from Rs 1,743.09 crore during the same quarter in 2015-16 fiscal.

Most importantly, NALCO has registered profits, in all the three quarters of the present fiscal, despite entire global aluminium industry reeling under severe market slowdown and many companies reporting loss.

According to the reviewed financial results for the 3rd quarter of the financial year 2016-17 taken on record by the Board in the meeting held here on Monday, NALCO’s net sales turnover in the 3rd Quarter was Rs.1848 crore.

In third quarter, Nalco has registered EBITDA (before exceptional item) Rs.361 crore as against Rs.282 crore in the corresponding period of previous fiscal 2015-16. It is heartening to note that

The net profit for the nine months ended December 2016 work out to Rs.400 crore, against the corresponding figure of Rs. 573 crore for the previous fiscal. The net sales for the nine months of the fiscal is Rs.5071 crore as compared to Rs. 4866 crore in the corresponding period of the last financial year.

Alumina Refinery-Nalco

During the first nine months of the current fiscal, NALCO achieved production of 53.23 lakh tonnes of bauxite, as compared to 45.74 lakh tonnes in comparable period of the previous fiscal registering robust 16% growth.

The company produced 15.27 lakh tonnes of alumina hydrate, against 14.37 lakh tonnes achieved in the corresponding period of the previous financial year. Metal production was 2.86 lakh tonnes, against 2.76 lakh tonnes registered during the comparable nine months of the previous fiscal.

The net power generated during the period was 4494 million units, against 4351 million units achieved in the corresponding period of the previous year. The company has generated 164 million units of wind power during the first 9 months of this fiscal.