MOIL's Q3 net up 13% at Rs 114 cr

Expenses stood at Rs 122 cr from Rs 137 cr a year ago

State-owned MOIL today clocked 13% rise in net profit at Rs 114 crore for the third quarter ended December 2012 despite a slight dip in income.

The net profit of the Nagpur-based firm was at Rs 101 crore a year ago.

Sales of the company declined to Rs 228 crore during the quarter from Rs 240 crore during the October-December quarter of the last fiscal, it said in BSE filing.

Expenses stood at Rs 122 crore from Rs 137 crore a year ago, it added.

Shares of the company today settled at Rs 252.95 apiece, up 0.18% over the previous closing on the BSE.