Latest News | Nalco Q1 Profit Drops 82.9% to Rs 17 Cr

New Delhi, Sep 4 (PTI) National Aluminium Co Ltd (Nalco) on Friday reported 82.9 per cent drop in consolidated profit at Rs 16.69 crore for quarter ended June 30.

The company had posted a consolidated profit of Rs 97.87 crore in the corresponding quarter of the previous fiscal, the state-owned firm said in a BSE filing.

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The consolidated income of the company during April-June quarter dropped to Rs 1,413.92 crore, over Rs 2,145.47 crore in the year-ago period.

Nalco said the outbreak of COVID-19 globally has impacted the business and economic activities in general.

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Nalco is a navratna CPSE under Ministry of Mines. The company has integrated and diversified operations in mining, metal and power.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)