State-owned NLC India Ltd on Wednesday reported 86.2% 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.
In a statement the company said its profit after tax for the year ended Mar. 31, 2024 was at Rs 1,868 crore over Rs 1,426 crore for the year ended Mar. 31, 2023, registering a growth of 31%.
The PSU is a navratna company under the Ministry of Coal. Its core business is mining and power generation.
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