 "National Aluminium surges as Q3 profit doubles")
National Aluminium Company has surged 5% to Rs 52 on NSE in early morning trade after reporting a more than double net profit at Rs 354 crore for the quarter ended December 31, 2014 (Q3) on the back of higher income from operations.
The company had profit of Rs 131 crore in the same quarter last fiscal.
The total income from operations of the company increased by 16% to Rs 1,906 crore from Rs 1,644 crore in the corresponding quarter of the last fiscal.
However, the total expenses of the company came down to Rs 1,495 crore, as against Rs 1,570 crore in the year- ago period.
The stock opened at Rs 51.80 and touched a high of Rs 52.90 on NSE. A combined 1.16 million shares changed hands on the counter till 0930 hours on NSE and BSE.
The company had profit of Rs 131 crore in the same quarter last fiscal.
The total income from operations of the company increased by 16% to Rs 1,906 crore from Rs 1,644 crore in the corresponding quarter of the last fiscal.
However, the total expenses of the company came down to Rs 1,495 crore, as against Rs 1,570 crore in the year- ago period.
The stock opened at Rs 51.80 and touched a high of Rs 52.90 on NSE. A combined 1.16 million shares changed hands on the counter till 0930 hours on NSE and BSE.