National Aluminium Company Limited (NALCO), an Indian state-owned aluminum giant, reported that its consolidated profit dropped by 83.2% to Rs 125.43 crore in the second quarter of this fiscal year, mainly due to declined income and increased expenses.
During the period, NALCO’s consolidated income slid to Rs 3,558.83 crore, dropping from Rs 3,634.59 crore in the same period a year ago. Meanwhile, the company’s consolidated expenses increased to Rs 3,312.95 crore, up from Rs 2,618.52 crore in the same period last year.
India's NALCO’s consolidated profit falls in Q2 y-o-y
10 Nov 2022 16:25 reported by Joy Liu
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