Nalco Q4 net profit drops by 64% QoQ on higher expenses

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BhBhubaneswa : Public sector Aluminium major Nalco has reported whopping 64% drop in Net profit in the January-March quarter over the previous quarter  mainly due to higher expenses.  The  net profit in the 4th Quarter has dropped to Rs. 257 Crore from   Rs.721.78 Crore in the 3rd Quarter. The net profit has also dropped marginally Year on Year Basis. Total Revenue, however, increased by 18% Quarter on Quarter to Rs.2920.47 Crore from Rs.2464 crore a quarter ago and Rs.2611 Crore during the corresponding quarter last year.

Meanwhile, Standalone net profit for the full 2017-18 has almost doubled to Rs.1342 Crore from Rs.669 Crore in 2016-17.

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