State-owned National Aluminium Company Limited (Nalco) has informed that the June quarter has been quite impressive in terms of net profit. The company has said in a statement that it has posted a rise of 125% in its net profit in the Q1 of the current financial year. Company has declared its first quarter financial results for the fiscal year 2010-11.
According to the report, Nalco has posted a net profit of Rs. 284 crore for the quarter that ended in 30th June, 2010.
The company had registered a net profit of Rs. 127 crore in the similar quarter in the previous year.
The quarterly sales figure is equally impressive. The first quarter net sales of the company is recorded to be Rs. 1, 388 crore for this year.
For the similar quarter last year, the sales turnover was Rs. 970 crore. There has been a hike of 46% in the sales turnover of the company. During the April-June quarter, Nalco has sold 108,620 tonnes of aluminium as compared to 93,104 tonnes in the Q1 last year.