National Aluminium Company Limited (Nalco), one of India’s largest integrated manufacturer and exporter of alumina and aluminium, has posted a nearly 3.5-fold increase in net profit at Rs 831 crore in the third quarter of 2021, a jump of 246 per cent compared with Rs 240 crore in the third quarter of 2020-21.

The company has also broken the highest profit figure clocked since inception for the first nine-month period with a net profit of Rs 1,926 crore — a five-fold increase and a substantial jump of 429 per cent over Rs 364 crore recorded a year ago.

Total revenue from operations in the third quarter of FY2021-22 witnessed substantial growth, clocking Rs 3,773 crore compared with Rs 2,379 crore in the third quarter of FY2020-21.

Nalco also declared a second interim dividend of Rs. 3 per equity share (60 per cent of face value of Rs 5 per share) for FY 2021-22. The first interim dividend of Rs 2 per equity share was paid in December 2021. The total interim dividend paid during the current financial year works out to 100 per cent of the paid up equity share capital.

During the first nine months of the current fiscal, the company produced 55.03 lakh tonne Bauxite compared with 53.48 lakh tonne during corresponding period of FY21.

Aluminium production also registered healthy growth with full capacity utilization of the Smelter plant at 3.43 lakh tonnes produced in the first nine month ending Dec 2021, against 3.06 lakh tonnes of FY21.

“The robust growth and all round performance on production and financial parameters is testimony to the hard work and commitment of the employees and strategic focus on Production, People, and Projects. The strategic growth-oriented roadmap and the relentless quest displayed by the employees to travel the extra mile in these challenging times is praiseworthy,’’ Chairman Cum- Managing Director (CMD), Nalco, Sridhar Patra said.