MOIL's Q3 net up 13 per cent at Rs 114 crore

State-owned MOIL today posted 13 per cent rise in net profit at Rs 114 crore for the quarter ended December despite a slight dip in income.

The net profit of the Nagpur-based firm was at Rs 101 crore a year ago.

Sales of the company declined to Rs 228 crore during the quarter from Rs 240 crore during the October-December quarter of the last fiscal year, it said in a filing to Bombay Stock Exchange.

Expenses stood at Rs 122 crore from Rs 137 crore a year ago, it added.

Shares of the company today settled at Rs 252.95 apiece, up 0.18 per cent over the previous closing on the BSE.