State-owned aluminium maker Nalco today reported 80 per cent plunge in net profit for

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the third quarter ended December, at Rs 51.22 crore, although income remained almost stable.

The company had clocked Rs 256 crore net profit in the October-December quarter of last fiscal (2010-11), Nalco said in a filing to the Bombay Stock Exchange (BSE).

Nalco's total income during the reporting quarter stood at Rs 1,449 crore, as against Rs 1,443 crore in the year-ago period.

Total expenditure of the company rose to Rs 1,508 crore compared to Rs 1,157 crore a year ago.

Power & fuel costs went up to Rs 568 crore vis-a-vis Rs 443 crore. Raw material consumption during the period was also up at Rs 265 crore against Rs 208 crore during the same period period of previous fiscal.

Nalco scrip closed at Rs 61.90 apiece, down 2.9 per cent over the previous closing at the BSE.