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Neyveli Lignite Corporation reports 34% drop in Q4 net profit

27 May 2016 Evaluate

Neyveli Lignite Corporation has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a fall of 34.07% in its net profit at Rs 446.24 crore for the quarter ended March 31, 2016 as compared to Rs 676.81 crore for the same quarter in the previous year. However, total income of the company has increased by 5.69% at Rs 1964.58 crore for quarter under review as compared to Rs 1858.88 crore for the quarter ended March 31, 2015. 

For the year ended March 31, 2016, the company has posted a fall of 23.77% in its net profit at Rs 1204.15 crore as compared to Rs 1579.68 crore for the same period in the previous year. However, total income of company increased 5.84% at Rs 7194.20 crore for year under review as compared to Rs 6796.97 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted a fall of 32.79% in its net profit at Rs 1061.73 crore as compared to Rs 1579.68 crore for the same period in the previous year. However, total income of company has increased by 23.43% at Rs 8389.25 crore for year under review as compared to Rs 6796.97 crore for the period ended March 31, 2015.

Neyveli Lignite Share Price

299.70 -4.65 (-1.53%)
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