Riding on alumina segment, Nalco Q1 net profit soars 433% to Rs 6.87 bn

Tapan Kumar Chand, chairman & managing director of Nalco, owed the success to teamwork, strong cost focus and strategic planning

National Aluminium Company Limited's (Nalco's) net profit for the quarter ended June 30, 2018, surged 433 per cent to Rs 6.87 billion as against Rs 1.29 billion achieved in the comparable period of last fiscal.

On a quarter-on-quarter (q-o-q) basis, Nalco's net profit rose 167 per cent. The company ascribed the sharp appreciation in net profit to its alumina segment. The company's Damanjodi alumina refinery is the lowest cost producer in the world and its quality bauxite along with the pre- and post-sales service has helped Nalco secure a high premium in the international market. Nalco's alumina sells at a