NLC India reports 81% fall in Q2 consolidated net profit

14 Nov 2020 Evaluate

NLC India has reported results for the second quarter ended September 30, 2020.

The company has reported a fall of 93.95% in its net profit at Rs 20.39 crore for the quarter under review as compared to net profit of Rs 336.78 crore for the same quarter in the previous year. Total income of the company decreased by 16.63% at Rs 1,849.00 crore for Q2FY21 as compared Rs 2,217.85 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 80.70% in its net profit attributable to owners at Rs 51.28 crore for the quarter under review as compared to net profit at Rs 265.74 crore for the same quarter in the previous year. Total income of the company decreased by 9.22% at Rs 2,508.85 crore for Q2FY21 as compared Rs 2,763.69 crore for the corresponding quarter previous year.

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