Neyveli Lignite Q3 Net plunges 85% to Rs 48 crore

Neyveli Lignite Corporation's today said its net profit plunged 84.6 per cent to Rs 47.61 crore for the quarter ended December 31, 2015.
The company had reported a net profit of Rs 309.47 crore in the year-ago period, Neyveli Lignite Corporation said in a filing to the BSE.
Income from operations of the company during the October-December period declined to Rs 1,255.25 crore, from Rs 1,492.65 crore in the year-ago period.
Total expenses of the company during the period stood at Rs 1,206.51 crore as against Rs 1,205.52 crore in the corresponding quarter of the previous fiscal.
In a separate filing, the company said its board has declared an interim dividend of 15 per cent i.E. Rs 1.50 per equity share for 2015-2016.

The company in another filing informed the BSE that it has fixed February 13 as the record date for the purpose of payment of interim dividend.
"Further, the company has informed that the said interim dividend will be paid on or before February 23, 2016," it said.