Aluminium manufacturer National Aluminium Co Ltd (NALCO) reported a 40% increase in net profit for the second quarter ended September 2010 on higher sales.
For the quarter to end-September, the aluminium producer reported a net profit of Rs224 crore from Rs159.5 crore same quarter last year.
During the September 2010 quarter, its net sales increased to Rs1,454.8 crore from Rs1,143.1 crore, while its total revenues stood at Rs1,479.2 crore as against Rs1,179.1 crore, NALCO said in a regulatory filing.
On Tuesday, NALCO shares declined 0.3% to Rs404 on the Bombay Stock Exchange, while the benchmark Sensex 0.1% down at 20,345 points.
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