8 August 2018 NALCOs 1QFY19 EBITDA increased 61% QoQ (+344% YoY) to INR10.1b (est. of INR6.9b), driven by strong alumina pricing. Adj. PAT grew 70% QoQ (~5x YoY) to INR6.3b. PAT is adjusted for ~INR0.9b gain on revaluation of renewable purchase obligation after resumption of trading on electricity exchanges. Production increased 3% QoQ (+11% YoY) to 583kt - best ever in a quarter. Sales declined 27% QoQ (+24% YoY) to 320kt due to re-stocking. Alumina realization increased 36% QoQ to USD562/t. Production was down 2% QoQ but up 9% YoY to 110kt. Sales were down ~6% QoQ (+18% YoY) to 105kt. Aluminum realization increased ~7% QoQ to USD2,526/t led by higher LME.