Nalco Q4 Net Drops 30 Per Cent to Rs 172 Crore

National Aluminium Company Ltd (Nalco) on Wednesday reported a 29.9 per cent drop in net profit at Rs 172.45 crore for the quarter ended March, 2014, on the back of lower income and higher expenses.

The company had clocked a net profit of Rs 246.03 crore in the corresponding quarter of the year-ago period, it said in a filing to BSE.

Total income from operations came down to Rs 1,838.20 crore from 1,867.27 crore a year ago, it said.

Total expenses of the PSU increased to 1,669.91 crore, over Rs 1,581.69 crore in the corresponding quarter of FY'13, it added.

Net profit for the year ended March 31 increased to Rs 642.35 crore, registering an increase of 8.3 per cent.

Net profit in the entire fiscal year 2012-13 was at 592.83 crore, it said.

Total income from operations for the year ended March 31, however came down to Rs 6780.85 crore, over Rs 6916.48 crore in FY 2012-13, Nalco added.

Shares in Nalco, on Wednesday, ended at Rs 51.65 apiece on the BSE, down 0.67 per cent from the previous close.