NE BUSINESS BUREAU
NEYVELI, OCT 25
State-owned NLC India Ltd on Friday reported a 9.5 per cent decline in consolidated profit at Rs 982.41 crore for the quarter ended September 30, 2024 on the back of higher expenses. NLC India Ltd (NLCIL) had posted a consolidated profit of Rs 1,085.93 crore in the year-ago period, says an NLC India Ltd release.
NLCIL – H1 2024-25 Performance Highlights:#NLCIL #NLCIndia #Highlights pic.twitter.com/816VLAhPMs
— NLC India Limited (Official) (@nlcindialimited) October 25, 2024
However, the revenue from operations in the July-September quarter increased to Rs 3,657.27 crore, over Rs 2,977.53 crore in the year-ago period.
The total expenses of the company in the second quarter rose to Rs 3,173.39 crore, over Rs 2,811.88 crore in the corresponding quarter of the previous fiscal.
Half yearly results
During the half-year ended September 30, 2024, the state-owned company has earned revenue from operations of Rs.7,033.32 crore as against Rs 6,294.02 crore in the corresponding period of the previous year, registering a growth of 12%. It earned a total income of Rs 8,010.71 crore as against Rs 6,662.51 crore in the corresponding period of the previous year, registering a growth of 20%.
However, during the reporting half year, it reported a Profit After Tax (PAT) of Rs 1,549.10 crore as against Rs 1,499.51 crore in the corresponding period of the previous year, registering a growth of 3%