Latest News | NLC India Net Profit Declines 86 Pc to Rs 114 Cr in Q4

New Delhi, May 15 (PTI) State-owned NLC India Ltd on Wednesday reported 86.2 per cent 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.

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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 per cent.

The PSU is a navratna company under the Ministry of Coal. Its core business is mining and power generation.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)