NLC posts 19.9% increase in Q1 net

Navaratna PSU Neyveli Lignite Corporation's first quarter net profit has risen by 19.9% to Rs 334.05 crore.

The Tamil Nadu-based company had made a net profit of Rs 278.43 crore during the corresponding period a year ago.

For the financial year ending March 31, 2014, NLC's net profit stood at Rs 1,501.88 crore, the company said in a BSE filing today.

Total income from operations for the first quarter ending June 30, 2014 remained flat at Rs 1,510.45 crore as against Rs 1,559.57 crore registered during the same period of previous year.

For the 2013-14 financial year, the total income from operations stood at Rs 5,967.23 crore.

Shares of the company were trading at Rs 91.45 apiece this afternoon on BSE, an increase of 0.05% over the previous close.