Neyveli Lignite Corporation, a government-owned lignite mining and power generating company in India, today reported a rise of 20.11% in net profit to Rs 2.21 billion as compared to Rs 1.84 billion in the same period last year.
Total income has increased by 16.09% to Rs 13.71 billion for the quarter ended Dec. 31, 2012 from Rs 11.81 billion in the year ago period.
Net sales of the company increased by 20.10% to Rs 12.55 billion for the quarter ended Dec. 31, 2012 as compared to Rs 10.45 billion in the year ago period.
Shares of the company gained Rs 0.8, or 0.96%, to settle at Rs 84. The total volume of shares traded was 13,746 at the BSE (Monday).