Nalco standalone quarterly earnings jump 90.57%

National Aluminium Company (Nalco) announced a sharp rise in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 90.57% to INR 3,415.00 million from INR1,792.00 million in the same quarter last year.

Net sales for the quarter rose 14.80% to Rs 19,955.00 million, compared with INR 17,382 million for the prior year period.

Earnings per share for the quarter stood at INR 1.33, registering 90.00% growth over previous year period.

Shares of the company gained INR 3.7, or 6.31%, to trade at INR 62.35. The total volume of shares traded was 786,602 at the BSE.

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