Alumina and aluminium are two products that NALCO manufactures and sells. The company produces metallurgical grade alumina at the lowest cost and bauxite at the lowest cost in the globe.
Financial Results:
National Aluminium Company Limited’s revenue in Q3FY23 fell 13% to ₹ 3,290 crores. Consolidated Profit After Tax came at ₹ 256 crores in Q3FY23 showcasing a 69% fall on an YoY basis. In this quarter’s results, the reports suggested that the firm has reported decreased profits due to a fall in revenues coupled with an increase in expenses.
While recording a strong increase in production, the company said that reduced alumina sales volume during the quarter, higher input prices, and a volatile and tough global business environment had a negative impact on profit margins.