The company on Friday had reported reported a significant rise in consolidated profit at ₹347.73 crore for the quarter ended on June 30, 2021. Motilal Oswal in a result note said that NALCO's Q1FY22 result was below its expectations due to higher than expected costs and miss on volumes/realization. Though, it expects higher aluminum prices to absorb the cost shock and lead to improved margin in subsequent quarters. The miss on EBITDA was led by lower than expected aluminum volumes, lower than expected realizations, and higher than expected costs. Given the tight demand-supply scenario, it expects aluminum prices to remain strong.

Source: Mint August 09, 2021 10:30 UTC