State-run National Aluminium Company Ltd (NALCO) posted 2.44 per cent drop in net profit after tax to Rs 590.80 crore for the fourth quarter ended March 31, 2007, as against Rs 605.57 crore for the corresponding quarter last year.
The total income (net of excise) of the aluminium giant, however, rose 3.51 per cent to Rs 1,686.63 crore for the three months ended March 31 over Rs 1,629.32 crore for the same period in 2006, NALCO informed the Bombay Stock Exchange.
For the full year, the company has reported a 52.39 per cent jump in net profit to Rs.2380.70 crore from Rs.1562.20 crore achieved in previous year.
According to un-audited financial results taken on record by the board at a meeting held in Bhubaneswar today, the company declared that it has also achieved highest ever turnover of Rs.6516.78 crore, an increase of 22.40 per cent over the previous year Rs 5324.16 crore.
The company achieved the highest-ever metal sale of 3,56,616 tonnes in the 2006-07. This represents an increase of 3.4 per cent against the MOU target of 3,45,000 tonnes. The previous best sale was 3,53,841 tonnes in 2005-06.
The aluminium smelter of the company achieved 104 per cent capacity utilization during the year. Margins have also increased from 57 per cent to 61 per cent this year.
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