Nalco Q4 net falls 41 percent at Rs.208 crore

Mumbai, May 29 (IANS) State-run National Aluminium Company (Nalco) on Sunday posted a 41.4 percent drop in standalone net profit, at Rs.207.94 crore, for the fourth quarter ended March, as compared to a net profit of Rs.354.87 crore in the same period a year ago.

The Odisha-headquartered Nalco said in a stock exchange filing that its total income was up 4 percent at Rs.1,874.36 crore during the quarter in question, as compared to Rs.1,801.25 crore in the corresponding period of 2014-15.

For the full fiscal 2015-16, the company’s standalone net profit dipped 44.6 percent to Rs.731.01 crore, as against Rs.1,321.85 crore in the previous fiscal.

Total income for the entire financial year also declined 7.6 percent to Rs.6,816 crore, as against Rs.7,382.81 crore in 2014-15.

The company board has recommended payment of a final dividend of 75 paise per share (15 percent on face value of Rs.5 each) on the equity share capital, the filing said. This is in addition to the interim dividend of Rs.1.25 per share (25 percent on face value of Rs.5 each) already paid during March 2016.

–IANS

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