State-owned Neyveli Lignite Corporation (NLC) today reported
20 per cent rise in net profit at Rs 334 crore for the quarter ended September
30 on the back of higher sales. Its net profit for the same period last year
was Rs 278 crore, the company said in a filing to BSE.
The total income from operations of NLC for the quarter was
Rs 1,349 crore during the quarter, over Rs 1,099 crore for the same period of
last fiscal, it said. The company's total expenses for the period were Rs 964
crore which consisted of employee benefit expense of Rs 470 crore.
"Employee benefits expense for the quarter includes Rs
25.6 crore towards provision for pay revision and other benefits in respect of
non-executives," the statement said. The state-owned firm recently paid
over Rs 439 crore dividend to the government for 2011-12.
"NLC has declared a dividend at the rate of 28 per cent
for the financial year 2011-12. The total dividend payout (including
distribution tax) amounts to Rs 545.97 crore," an official statement had
said. Neyveli Lignite scrip closed at Rs 84.60 on the BSE, up 2.11 per cent,
from its previous close.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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