Neyveli Lignite net jumps 121% to Rs 489 cr

Written by PTI | New Delhi | Updated: Jan 31 2014, 05:46am hrs
Neyveli Lignite on Thursday reported a 120.6% spurt in net profit to Rs 489.02 crore for the third quarter ended December 31 on the back of rise in other income. The companys net profit in the corresponding quarter of the last financial year stood at Rs 221.65 crore.

Total income from operations increased to Rs 1,314.95 crore compared to Rs 1,255.70 crore a year ago. Other income zoomed to Rs 553.41 crore versus Rs 115.44 crore in Q3FY13.

Other income includes Rs 426.63 crore towards dues of surcharge and interest receivable from Tangedco, the company said.