Aluminium major Nalco said on Monday its net profit more than doubled to Rs 510 crore during the quarter ended September 30, 2018, helped by a 23 per cent rise in its revenue.
The National Aluminium Company (Nalco) Ltd had clocked a net profit of Rs 234.63 crore during the same quarter a year ago, the company said in a BSE filing.
Its total income rose to Rs 3,131.20 crore during July-September 2018 from Rs 2,535.73 crore in the year-ago quarter, a jump of over 23 per cent. Its total expenses were marginally higher by 3 per cent at Rs 2,306.59 crore in the second quarter of 2018-19 compared to Rs 2,232.06 crore during July-September of 2017-18 fiscal.
National Aluminium Company Limited is a Navratna CPSE under the Ministry of Mines. The company has integrated and diversified operations in mining, metal and power. Presently, the government holds 56.59 per cent equity of NALCO.