Salzer Q2 net up 44% to Rs 4.6 crore

The state-run aluminium maker NALCO today reported a 33.78 per cent decline in its net profit to Rs. 226.14 crore for the quarter ended September 30. The National Aluminium Company (NALCO), a Navratana CPSE under the administrative control of Ministry of Mines, had clocked a net profit of Rs. 341.52 crore in the year-ago period, it said in a BSE filing.

While the United Kingdom business of the company recorded a growth of 88% during the quarter, India business grew 22%.

With six milk processing units in Uttar Pradesh, Haryana and Rajasthan, Kwality caters to retail customers under its own brand “Dairy Best” and supplies dairy products to institutional customers, which includes MNCs and Indian firms.

Total expenses of the firm were marginally lower at Rs 2,312.83 crore from Rs 2,326.30 crore during the quarter under review.

Commenting on the company’s performance, JC Sharma, Vice-Chairman and Managing Director, said: “During the quarter, the contribution from contractual and manufacturing operations was relatively higher”. “We believe that, with the Sobha Dream Acres Project qualifying for revenue recognition during this financial year, the next half of the fiscal should see an improvement in the financial performance”, he added.

Shares of CESC LTD. was last trading in BSE at Rs.558.15 as compared to the previous close of Rs. 528.7.