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Nalco Q4 net dip by 30% to Rs172 crore

LiveMint logoLiveMint 28-05-2014 PTI

New Delhi: National Aluminium Company Ltd (Nalco) on Wednesday reported 29.9% drop in net profit at Rs172.45 crore for the quarter ended 31 March on the back of lower income and higher expenses.

The company had clocked a net profit of Rs246.03 crore in th corresponding quarter of the year-ago period, the company said in a filing to BSE.

The total income from operations of Nalco came down to Rs1,838.20 crore, over Rs1,867.27 crore in the same quarter of a year-ago period, it said.

The total expenses of the PSU increased to Rs1,669.91 crore, over Rs1,581.69 crore in the corresponding quarter of FY’13, it added. The net profit for the year ended 31 March increased to Rs642.35 crore, registering an increase of 8.3%.

The company’s net profit in the FY’13 was Rs592.83 crore, the company said.

The total income from operations for the year ended 31 March, however came down to Rs6780.85 crore, over Rs6916.48 crore in FY 2012-13, Nalco added.

The shares of the company closed at Rs51.65 a piece on BSE, down 0.67% from the previous close.

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