lco Q4 net falls 41 per cent at Rs.208 crore

Mumbai, May 29: State-run tiol Aluminium Company (lco) on Sunday posted a 41.4 percent drop in standalone net profit, at Rs.207.94 crore, for the fourth quarter ended March, as compared to a net profit of Rs.354.87 crore in the same period a year ago.

The Odisha-headquartered lco said in a stock exchange filing that its total income was up 4 percent at Rs.1,874.36 crore during the quarter in question, as compared to Rs.1,801.25 crore in the corresponding period of 2014-15.

For the full fiscal 2015-16, the company’s standalone net profit dipped 44.6 percent to Rs.731.01 crore, as against Rs.1,321.85 crore in the previous fiscal.

Total income for the entire fincial year also declined 7.6 percent to Rs.6,816 crore, as against Rs.7,382.81 crore in 2014-15. (IANS)