Nalco Q4 net profit down 41%

State-run National Aluminium Co Ltd (Nalco) on Sunday reported a 41.4 per cent decline in its standalone net profit to Rs 208 crore during the fourth quarter ended March.

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

Nalco said in a BSE filing that its total income was up four per cent to Rs 1,875 crore in the January-March quarter of last financial year, against Rs 1,801 crore in the corresponding period of 2014-15.

The ‘Navaratna’ PSU’s standalone net profit dipped 44.6 per cent to Rs 731 crore for the entire 2015-16, from Rs 1,322 crore in the previous financial year.

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 Rs 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.