Nalco Q1 results: Profit drops 83% to Rs 17 crore
The company had posted a consolidated profit of Rs 97.87 crore in the corresponding quarter of the previous fiscal, the state-owned firm said in a BSE filing.
By PTI | Updated:
Agencies
NEW DELHI: National Aluminium Co Ltd (Nalco) on Friday reported 82.9 per cent drop in consolidated profit at Rs 16.69 crore for quarter ended June 30. The company had posted a consolidated profit of Rs 97.87 crore in the corresponding quarter of the previous fiscal, the state-owned firm said in a BSE filing.
The consolidated income of the company during April-June quarter dropped to Rs 1,413.92 crore, over Rs 2,145.47 crore in the year-ago period.
Nalco said the outbreak of Covid-19 globally has impacted the business and economic activities in general.
Nalco is a navratna CPSE under Ministry of Mines. The company has integrated and diversified operations in mining, metal and power.
The consolidated income of the company during April-June quarter dropped to Rs 1,413.92 crore, over Rs 2,145.47 crore in the year-ago period.
Nalco said the outbreak of Covid-19 globally has impacted the business and economic activities in general.
Nalco is a navratna CPSE under Ministry of Mines. The company has integrated and diversified operations in mining, metal and power.
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