 "MOIL Q1 net up 13% at Rs 112 cr")
The Nagpur-based PSU had reported net profit of Rs 99.41 crore in the same quarter of the previous fiscal.
Its net sales declined marginally by 1.53% to Rs 238.87 crore during the quarter vis-a-vis Rs 242.57 crore of the Q1, FY'13, MOIL said in a filing to the BSE.
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Company's Q1 expenditure, at Rs 130.53 crore, amounted to 54.64% of its net sales, while its tax outgo rose by nearly 21% to Rs 57.68 crore.
Other income of the company, largely interests earned on deposits, rose 17.39% to Rs 61.36 crore and aided MOIL in posting over 12% growth in net profit.
MOIL scrip rose 0.60% to close at Rs 185.55 on the BSE today.
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