Nalco Q4 net profit drops 41.4%

PTI | | Updated on: Jan 20, 2018

State-run National Aluminium Co Ltd (Nalco) today reported 41.4 per cent decline in standalone net profit at Rs 207.94 crore during the fourth quarter ended March 31, 2015-16.

The Bhubaneswar-based firm had posted a net profit of Rs 354.87 crore in the year-ago period.

Nalco said in a BSE filing that its total income was up 4 per cent to Rs 1,874.36 crore in the January-March quarter of last fiscal against Rs 1,801.25 crore in the same period of 2014-15.

The ‘Navaratna’ PSU’s standalone net profit dipped 44.6 per cent to Rs 731.01 crore for the entire 2015-16, from Rs 1,321.85 crore in the previous fiscal.

Total income for the full financial year ended March 31 also slipped 7.6 per cent to Rs 6,816 crore from Rs 7,382.81 crore in 2014-15.

The company said its board has recommended payment of final dividend of Re 75 paise per share (15 per cent on face value of Rs 5 each) on the equity share capital.

This is in addition to interim dividend of Rs 1.25 per share (25 per cent on face value of Rs 5 each) already paid during March 2016.

Published on May 29, 2016
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