Gujarat NRE Coke reports net loss of Rs 11.02 crore in Q1

Gujarat NRE Coke has reported results for first quarter ended June 30, 2012.

The company has reported a net loss of Rs 11.02 crore for the quarter under review as compared to a net profit of Rs 38.66 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 20.63% at Rs 526.12 crore for Q1FY13 as compared Rs 436.15 crore for the corresponding quarter previous year.

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.