NALCO net profit up by five times

NalcoState-run National Aluminium Company Ltd (Nalco) has declared its fourth quarter financial results for the fiscal year 2009-10 and has managed to post a remarkable net profit and revenue. The company has posted a net profit of Rs 391.48 crore for the quarter that ended in 31st March, 2010. This net profit figure was at Rs 83.02 crore for the same quarter in the last year.

The company has declared that there has been a five fold growth in its net profit for the quarter reviewed. The state- run firm has informed this in a filing at the Bombay Stock Exchange.

So far as the total income of the company is concerned, it has touched Rs 1, 625.97 crore for the January-March quarter of 2010. It has increased from Rs 1, 125.66 crore during the fourth quarter last year.

The annual net profit of the company has reported to be Rs 832.60 crore for the fiscal ended March 2010. It was almost a down of 34.55% as compared to last year's profit figures. The annual total income of NALCO stood Rs 11915.30 million for this year against Rs 3010.10 million for last year.