Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusiness

NALCO expects margins to stabilise at 28% in FY19

Chand said the company expects alumina prices to hover between $430 and $480 per tonne.

November 13, 2018 / 01:19 PM IST

Shares of National Aluminium Co Ltd (NALCO) plunged about 4 percent on November 13 despite good earnings as investors feared that strong alumina prices, which boosted Q2 earnings, have now reversed and the company may have to to bear the brunt of lower alumina prices going ahead.

TK Chand, CMD of the company, spoke to CNBC-TV18 about the earnings and shared his outlook on alumina prices.

Chand said that alumina prices for last shipment was $488 per tonne and Q1 average alumina realisation was at $555 per tonne and Q2 was at $524 per tonne.

Talking about alumina prices, Chand said, “We expect the price to hover between $430 and $480 per tonne.”

On the numbers front, he said, “Overall in the year our EBITD margin will come around 28 percent.”

Source: CNBC-TV18

CNBC-TV18
first published: Nov 13, 2018 12:12 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347