November 22, 2008

NLC 2007-08 net profit up by 94% YoY

Neyveli Lignite Corporation has posted net profit of INR 1,101.57 crore for the year ended March 31st 2008 up by 94.36% YoY as against INR 566.78 crore for the year ended March 31st 2007. Net sales increased by 41.44% YoY to INR 2,981.65 crore for 2007-08 as compared with INR 2,108.11 crore.

Neyveli Lignite has reported a growth to INR 384.68 crore for January to March 2008 quarter from INR 26.40 crore for January to March 2007 quarter. Net sales grew to INR 801.74 crore for January to March 2008 quarter as against INR 350.23 crore for the corresponding quarter of previous year. It has recommended a final dividend of 10% for the year ended March 31st 2008.