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NLC India reports 57% fall in Q3 consolidated net profit

11 Feb 2021 Evaluate

NLC India has reported results for third quarter ended December 31, 2020.

The company has reported a fall of 79.52% in its net profit at Rs 74.06 crore for the quarter under review as compared to net profit at Rs 361.55 crore for the same quarter in the previous year. Total income of the company decreased by 23.05% at Rs 1875.13 crore for Q3FY21 as compared Rs 2436.75 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 57.07% in its net profit attributable to owners at Rs 171.18 crore for the quarter under review as compared to net profit at Rs 398.75 crore for the same quarter in the previous year. Total income of the company decreased by 15.19% at Rs 2623.29 crore for Q3FY21 as compared Rs 3093.18 crore for the corresponding quarter previous year.

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