NATIONAL ALUMINIUM CO = FRIST QTR = Q1 FY 2011 RESULTS = NET PROFIT 125% PLUS ON Q1 FY2010 =

National Aluminium Company Limited

NSE Symbol NATIONALUM

Q1 FY 2011 RESULTS

ANALYSIS

Net Sales is Rs.1292 cr – down by 19.5% compared to previous qtr (Rs.1604 Cr) –but up by a huge 40.2% compared corresponding qtr of Q1 FY10 (Rs.922 Cr).

Total Expenditure is Rs.1006 cr – down by 14.2% compared to previous qtr (Rs.1173Cr) – but up by 19.2% compared to corresponding qtr (Rs.844 Cr).

Profit from Operations is Rs.302 Cr – down by 33.3% from previous qtr (Rs.453Cr) – but a huge 229.3% up from corresponding qtr (Rs.92 Cr).

Net Profit is Rs.284 cr – down by 27.4% from previous qtr (Rs.391 Cr) – but significantly up by 124.6% from corresponding qtr (Rs.126 Cr).

Basic EPS  is Rs.4.41 on a Face value of rs.10 – down from last qtr’s Rs.6.08         - but significantly up the EPS of Rs.2.41 of Q3 FY10, Rs.2.48 of Q2 FY10 and Rs.1.96of Q1 FY10. If current rate of EPS continues, its annual EPS could be Rs.18.

Its current share price is rs.439/-. On the estimated annual EPS of Rs.18/- the PE ratio comes to 24.39.

NA L C O ‘S PRESS RELEASE

EXCERPTS

NALCO, the Navratna PSU and India’s leading producer and exporter of alumina and aluminium, has come out with impressive results in the 1st quarter ended June 30. The net profit has jumped by 125% to Rs. 284 crore from Rs.127 crore achieved in the corresponding period of previous year.

The company has reported a Sales turnover of Rs.1,388 crore, an increase of 43% compared to Rs.970 crore achieved in the corresponding quarter of the previous year. It may be mentioned that the rise in sales and Profit are attributed to enhanced production volume & sales, improved consumption norms of input materials and better sales realization.

On production front too, NALCO has put up an impressive performance. Bauxite production during this quarter increased to 1,067,429 tonnes against 840,328 tonnes in the corresponding quarter. Similarly, Aluminium production increased to 111,663 tonnes from 104,767 tonnes and Power generation to 1659 MU from 1600 MU.

On the sales front also, NALCO sold 108,620 MT of aluminium in the 1st quarter, which was 93,104 MT in the corresponding period of previous year. Domestic sale of Aluminium also increased by 28% to 83,449 tonnes from 65,112 tonnes in the corresponding quarter.

RESULTS IN FIGURES :

NALCO	Jun-10	Mar-10	Dec-09	Sep-09	Jun-09	dif%1	dif%2
Net Sales	129170	160361	138647	114306	92158	-19.5	40.2
Other Optg Income	1639	2236	3114	3605	1373	-26.7	19.4
SIT & WIP	-7399	6922	4970	-3023	-6042	-206.9	22.5
Raw Materials	53766	59146	64900	68558	47104	-9.1	14.1
Employees Cost	21827	19017	20670	18002	16853	14.8	29.5
Depreciation	9163	8781	7893	7643	7564	4.4	21.1
Total ExpExcl. OE	77357	93866	98433	91180	65479	-17.6	18.1
Other Expenditure	23235	23406	21614	20203	18876	-0.7	23.1
Total Expenditure	100592	117272	120047	111383	84355	-14.2	19.2
Profit from Operations	30217	45325	21714	6528	9176	-33.3	229.3
Other Income	8972	6576	6174	14016	10119	36.4	-11.3
P B I&EI	39189	51901	27888	20544	19295	-24.5	103.1
Interest	-4	7	14	83	111	-157.1	-103.6
P A I B B EI	39193	51894	27874	20461	19184	-24.5	104.3
P B T	39193	51894	27874	20461	19184	-24.5	104.3
Tax expense	10788	12746	12356	4512	6539	-15.4	65
P A T	28405	39148	15518	15949	12645	-27.4	124.6
Net Profit	28405	39148	15518	15949	12645	-27.4	124.6
Dividend (%)	-	-	-	-	-
Face Value.Rs	10	10	10	10	10	0	0
Paid Up Equity	64431	64431	64431	64431	64431	0	0
Reserves	-	-	-	-	-
Basic EPS	4.41	6.08	2.41	2.48	1.96	-27.5	125
Public holding (%)	12.85	12.85	12.85	12.85	12.85	0	0

ANNOUNCEMENTS

TO THE EXCHANGE

14-08-2010        National Aluminium Company Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 129170 lacs for quarter ending on 30-JUN-2010 against Rs. 92158 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 28405 lacs for the quarter ending on 30-JUN-2010 against Rs. 12645 lacs for the quarter ending on 30-JUN-2009.          -

09-08-2010        National Aluminium Company Limited has informed the Exchange that the Board of Directors at its meeting held on August 06, 2010 have recommended for payment of total dividend @ Rs.2.50 per share (including Rs.1.50 interim dividend already paid on March 30, 2010) on the paid-up equity share capital of the Company subject to the approval of shareholders in the ensuing Annual General Meeting.

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