Bhubaneswar, Aug. 14: Public sector aluminium behemoth Nalco has posted a 125 per cent rise in net profit at Rs 284 crore in the first quarter of this fiscal against Rs 127 crore in the corresponding period last year. Sales turnover increased 43 per cent to Rs 1,388 crore during the quarter from Rs 970 crore. Rise in sales and profit are attributed to enhanced production volume and sales, improved consumption norms of input materials and better sales realisation by Nalco. Bauxite production increased to 1,067,429 tonnes from 840,328 tonnes in the corresponding quarter.
New Delhi, Aug. 14: JK Tyre and Industries has reported a 52.07 per cent decline in net profit at Rs 19.53 crore for the quarter ended June 30 on rising input costs against Rs 40.75 crore in the corresponding period last year. Total income, however, increased 29.67 per cent to Rs 1,167.97 crore from Rs 900.70 crore in the year-ago period. The tyre industry has raised product rates by about 10 per cent in the last seven months of this year.
