Neyveli Lignite Corporation Q4 net declines 34% to Rs 446 crore

By: |
New Delhi | Published: May 26, 2016 7:55:08 PM

Public sector Neyveli Lignite Corp (NLC) today posted a 34 per cent decline in standalone net profit at Rs 446.24 crore for the March quarter.

The company had posted a net profit of Rs 676.81 crore in the year-ago period, NLC said in a filing to BSE. (Source: Website)The company had posted a net profit of Rs 676.81 crore in the year-ago period, NLC said in a filing to BSE. (Source: Website)

Public sector Neyveli Lignite Corp (NLC) today posted a 34 per cent decline in standalone net profit at Rs 446.24 crore for the March quarter.

The company had posted a net profit of Rs 676.81 crore in the year-ago period, NLC said in a filing to BSE.

The total income from operations (net) during the quarter increased to Rs 1,854.15 crore over Rs 1,682.09 crore in the corresponding quarter of financial year 2014-15.

The total expenses of the company increased to Rs 1,198.73 crore as against Rs 1,126.54 crore in the year-ago period.

However, the results for quarter ended March 31, 2016 on consolidated basis were not available.

In a separate filing, the company said that its board has recommended “a final dividend at 12% i.e. Re 1.20 per equity share for the financial year ended March 31, 2016, subject to CAG Audit and approval of members.”

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.