NLC posts ₹327-cr PAT

Chennai, Nov 14

State-owned mining-cum-power generating company NLC India has reported nine per cent increase in profit after tax at ₹327 crore compared with ₹300 crore in the year-ago period.

Total income fell to ₹2,123 crore from ₹2,145 crore. Employee benefit expenses swelled to ₹625 crore against ₹542 crore. Depreciation and amortisation expenses also increased to ₹213 crore from ₹175 crore.

However, other expenses dropped significantly to ₹ 528 crore against ₹1,001 crore.

Profit before exceptional items, tax and rate regulatory activity stood at ₹686 crore against ₹494 crore.

For the half-year ended September 30, 2017, profit after tax stood at ₹643 crore (₹ 531 crore), up 21 per cent. Total income grew by eight per cent at ₹4,449 crore (₹4,115 crore).

Published on November 14, 2017


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