The Hindu Business Line : Nalco clocks 52% rise in net

Bhubaneswar June 26 Nalco, the country's largest integrated manufacturer and exporter of alumina and aluminium, has reported 52 per cent jump in net profit to Rs 2,381 crore in 2006-07 from Rs 1,562 crore in the previous year.

According to audited financial results taken on record by the board at a meeting on Tuesday, the company achieved the highest-ever net sales of Rs 5,940 crore, recording an increase of 22 per cent over the previous year's figure of Rs 4,888 crore.

Export earnings also rose by 12 per cent to Rs 2,585 crore (Rs 2,306 crore).

Gross profit jumped by 40 per cent to Rs 3,942 crore (Rs 2,811 crore).

The company's return on capital employed increased to 32 per cent (25 per cent).

The earnings per share rose to Rs 37 from Rs 24 last year.

The company also achieved the highest-ever metal sales of 3,56,616 tonnes in 2006-07. This represents an increase of 3.4 per cent against the MoU target of 3,45,000 tonnes.

The previous best sales figure was 3,53,841 tonnes in 2005-06.

The aluminium smelter of the company also achieved 104 per cent capacity utilisation during the year.

The net margins have increased from 32 per cent to 40 per cent this year.

Similarly, the company's 960 MW captive power plant, located at Angul, achieved the highest-ever power generation of 5,968 million units, the previous best being 5,679 million units in 2005-06.

More Stories on : Aluminium | National Aluminium Co. Ltd

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