Neyveli Lignite Corp Q4 Net Declines 34% To Rs 446 Crore

New Delhi: Public sector Neyveli Lignite Corp (NLC) on Thursday 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 againts 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."

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