Gujarat NRE Coke has reported results for third quarter ended December 31, 2012.
The company has reported over 10-fold jump in its net profit at Rs 20.12 crore for the quarter as compared to Rs 1.90 crore for the same quarter in the previous year. Total income of the company has increased by 57.08% at Rs 527.11 crore for quarter under review as compared to Rs 335.57 crore for the quarter ended December 31, 2011.
Gujarat NRE Coke is the only Indian company with coking coal mines in Australia having over 650 million tones of Coking Coal resources with excellent coking properties. The coal mines are owned through its subsidiary- Gujarat NRE Coking Coal, listed on the ASX.
