NALCO
By
Research Desk
about 9 years ago
National Aluminium Company Ltd (NALCO), a Navratna PSU did not post very encouraging numbers for Q2FY16. Its net profit for the quarter fell 34% (YoY) at Rs.226 crore while total income declined 9% at Rs.1815 crore.
It has two units – aluminium and chemcials. The aluminium unit posted a loss of Rs.111 crore at BIT level compared to profit of Rs.95 crore (YoY) while the chemical unit is what saw it through, with a 2% rise in EBIT.
Govt of India holds 80.93% stake, institutions hold 12.42%. Interestingly, Hindalco has a 1.11% stake. The PSU is debt free and is sitting on a cash of Rs.5330 crore.
256.90 (+8.80)