NALCO¡¯s net profit jumps three-fold in H1 FY 2018- 19

National Aluminium Company Limited (NALCO) has once again repeated its strong performance by posting a turnover of INR5952 crore in the first half of FY 2018- 19, registering a growth of 42% YoY. The company has posted net profit of INR 1197 crore during the first half of 2018-19, up 229% from INR364 crore during the first half of 2017-18.

While the net profit of NALCO in the H1 of current fiscal has increased around three-fold, operating Profit of the company has increased more than four-fold, registering INR1624 crore in 2018-19 compared to INR334 crore in H1 of FY 2017-18. EBITDA margin of the company during the period has doubled from 17 % to 34%, according to NALCO press release.

In the Q2 of the financial year 2018-19, NALCO said its net profit more than doubled to INR510 crore, as against INR235 crore in the corresponding quarter of previous fiscal. The company’s operating profit rose 229% to INR735 crore, as against INR 223 crore in the Q2 of FY17-18.

Despite high volatility in alumina and aluminium markets due to US Trade Sanctions etc. NALCO has been able to significantly improve its performance due to the New Business Model introduced by the company one and a half year back. New Business Model helped in doubling NALCO’s net profit during the last financial year 2017-18

The performance of NALCO continued to be upbeat in Q2 of this fiscal. Under the New Business Model, the focus has been on reducing the specific consumption, cost reduction, production augmentation, strategic marketing in spot market.

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