State-owned aluminium maker Nalco has reported an 80 per cent plunge in net profit for the third quarter ended December 31, 2011 at Rs 51.22 crore, although income remained almost stable.

The company had clocked Rs 256-crore net profit in the October-December quarter of last fiscal (2010-11), Nalco said in a filing to the Bombay Stock Exchange.

Total income stood at Rs 1,449 crore against Rs 1,443 crore. Total expenditure rose to Rs 1,508 crore from Rs 1,157 crore.

Power & fuel costs went up to Rs 568 crore vis-a-vis Rs 443 crore. Raw material consumption was also up at Rs 265 crore against Rs 208 crore.

Nalco scrip closed at Rs 61.90 apiece, down 2.9 per cent over the previous closing on the BSE.

(This article was published on February 6, 2012)
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