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Results | Nalco Q1 profit falls on lower aluminium prices

Results | Nalco Q1 profit falls on lower aluminium prices
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First Published: Sat, Aug 01 2009. 12 16 AM IST
Updated: Sat, Aug 01 2009. 12 16 AM IST
Mumbai: India’s second biggest aluminium producer, National Aluminium Co. Ltd, or Nalco, reported a 76% drop in first quarter profit because of declining prices.
The firm’s net income fell to Rs127 crore in the three months ended 30 June, from Rs525 crore a year earlier, the company said on Friday. Sales dropped 37% to Rs922 crore.
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First Published: Sat, Aug 01 2009. 12 16 AM IST