National Aluminium Company Ltd (NALCO) clocked sales of Rs 14,171 crore and a net profit of Rs 1,544 crore in the 2022-23 fiscal, a company official said on Thursday.
The aluminium major registered an export turnover of Rs 4,217 crore during the period.
It, however, had registered the “highest-ever” sales of Rs 14,181 crore and a “record” net profit of Rs 2,952 crore in the 2021-22 financial year, the official said.
The company’s 42nd annual general meeting held here on Thursday via virtual mode approved the annual accounts for 2022-23.
“Higher input costs, volatility in business environment as well as dynamics of global demand-supply has impacted NALCO's profit margins in spite of the fact that the company has registered growth in several fronts in FY 2022-23,” CMD Sridhar Patra told shareholders at the AGM.
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“The focus of the company is now on the early completion of the 5th stream refinery project and development of the Pottangi Bauxite Mines...,” Patra said.
Odisha-based NALCO is one of the largest integrated aluminium producers in the country.
It had posted a 40-per cent decline in consolidated net profit to Rs 333.76 crore for the June quarter, due to lower income.
The company had registered a net profit of Rs 557.91 crore in the year-ago quarter, it said in a regulatory filing last month.
