Neyveli Lignite Corporation, a government-owned lignite mining and power generating company in India, witnessed a rise in share price on Thursday after the company disclosed a substantial rise in consolidated net profit for the quarter ended September 2015.  During the quarter, the profit of the company rose 32.41% to Rs 3,434 million from Rs 2,593.50 million  in the same quarter last year.

Revenues for the quarter  rose 16.28% to Rs 18,530.30 million, compared with Rs 15,936 million for the prior year period.

Operating margin for the quarter stood at 32.93 percent  as compared to 21.57 percent for the previous year period.  Operating Income for the quarter was Rs 6,101.70 million, compared with Rs 3437 million in the previous year period.

Earnings per share for the quarter stood at Rs 2.00, registering 0.00% growth over previous year period.

Shares of Neyveli Lignite Corporation are trading at Rs 82.80, up Rs 2.05, or 2.54% at the Bombay Stock Exchange (BSE) on Thursday at 12:47 p.m.

Total volume of shares traded on the bourses today was higher by 248.17% to 531,927 compared with 22-day average volume of 152,780.