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NLC India reports 27% fall in Q1 consolidated net profit

29 Jul 2023 Evaluate

NLC India has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 34.59% fall in its net profit at Rs 331.02 crore for the quarter under review as compared to Rs 506.08 crore for the same quarter in the previous year. However, total income of the company decreased by 15.33% at Rs 2689.65 crore for Q1FY24 as compared Rs 3176.54 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 27.29% fall in net profit at Rs 413.57 crore for the quarter ended June 30, 2023 as compared to Rs 568.83 crore for the same quarter in the previous year. Total income of the company decreased by 13.55% at Rs 3428.48 crore for Q1FY24 as compared Rs 3966.01 crore for the corresponding quarter previous year.

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