New Delhi: Public sector Neyveli Lignite Corp (NLC) on Thursday posted a 34 per cent decline in standalone net profit at Rs 446.24 crore for the March quarter.
The company had posted a net profit of Rs 676.81 crore in the year-ago period, NLC said in a filing to BSE.
The total income from operations (net) during the quarter increased to Rs 1,854.15 crore over Rs 1,682.09 crore in the corresponding quarter of financial year 2014-15.
The total expenses of the company increased to Rs 1,198.73 crore as againts Rs 1,126.54 crore in the year-ago period.
However, the results for quarter ended March 31, 2016 on consolidated basis were not available.
In a separate filing, the company said that its board has recommended "a final dividend at 12% i.e. Re 1.20 per equity share for the financial year ended March 31, 2016, subject to CAG Audit and approval of members."
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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