NLC India reports 37% fall in Q1 net profit

NLC India Ltd. | Power Generation/Distribution | Power | BSE: 513683 | NSE: NLCINDIA

14 Sep 2016 Evaluate

NLC India has reported results for first quarter ended June 30, 2016.

The company has registered 37.11% fall in its net profit at Rs 230.75 crore for the quarter as compared to Rs 366.90 crore for the same quarter in the previous year. However, total income of the company increased by 0.42% at Rs 1974.10 crore for quarter under review as compared to Rs 1965.79 crore for the quarter ended June 30, 2015.

Neyveli Lignite Corporation is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.

Peers

Company Name	CMP
NTPC	324.00
Tata Power	374.80
Adani Power	209.00
Power Grid Corpn.	270.00
Adani Energy Solut.	1415.00
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