Nalco reports Q3 net loss of Rs 34 crore

National Aluminium Company (Nalco) suffered a consolidated net loss of Rs 34 crore in the third quarter ended December 31, 2019 against a profit of Rs 302.35 crore in Q3FY19.

Revenue from operations declined by 23 per cent to Rs 2,088.35 crore in Q3FY20 against Rs 2,718.88 crore in Q3FY19, according to a notification sent by the company to the BSE on Monday.

For the nine months ended December 31, 2019, Nalco reported a plunge in consolidated net profit to Rs 35.72 crore against a profit of Rs 1,500.12 crore in the previous corresponding period. Revenue from operations went down by 25 per cent to Rs 6,536 crore in April-December 2019 against Rs 8,733.12 crore in the previous corresponding period.


The company 's board, which met on February 10, 2020, approved an interim dividend of Rs 1.50 per share (ie 30 per cent on face value of Rs 5 each) on the paid up equity share capital of Rs 932.81 crore for the financial year 2019-20.

The Nalco scrip closed at RS 43.30 on the BSE on Monday, down 3.99 per cent over its previous close.