New Delhi: State-owned NLC India Ltd on Wednesday reported 86.2 percent drop in consolidated net profit to Rs 114.23 crore for the March quarter due to lower income.
The company had posted consolidated profit of Rs 829.67 crore in the year-ago period, NLC India said in a filing to the BSE.
In a statement the company said its profit after tax for the year ended March 31, 2024 was at Rs 1,868 crore over Rs 1,426 crore for the year ended March 31, 2023, registering a growth of 31 percent.
The PSU is a navratna company under the Ministry of Coal. Its core business is mining and power generation.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)