National Aluminium net profit plummets 64%

National Aluminium net profit plummets 64%State-run National Aluminium Co (NALCO) has reported disappointing results for the quarter ended Sep 30.

The company has recorded a fall of 64% in its net profit which stood at Rs 159.49 crore during the quarter ended Sep 30.

In the comparable period a year before, the company had posted a net profit of Rs 444.46 crore.

During the reporting quarter, company’s total income also plunged to Rs.1,319.27 crore from Rs.1,654.5 crore a year earlier.

NALCO is Asia's major integrated aluminium company as well as is a largest player in encompassing bauxite mining, alumina refining and smelting.