Metallurgical coking coal manufacturer Gujarat NRE Coke today said its net profit has declined 73.58 per cent at Rs 13.2 crore, for the third quarter ended December 31, 2008 as compared to Rs 49.97 crore for the corresponding period last year.
However, the company's total income rose to Rs 439.3 crore for the quarter under review, as against Rs 252.5 crore for the same period a year ago.
For the nine months ended December 31, the company posted a net profit of Rs 210.41 crore, up 97.86 per cent from Rs 106.34 crore for the same period last fiscal.