NLC India drops after poor Q3 results

NLC India lost 1.26% to Rs 102 at 09:51 IST on BSE after net profit fell 6.65% to Rs 313.80 crore on 3.73% rise in total income to Rs 2031.95 crore in Q3 December 2017 over Q3 December 2016.

The results were announced after market hours yesterday, 14 February 2018.

Meanwhile, the S&P BSE Sensex was up 233.41 points, or 0.68% at 34,389.36.

On the BSE, 26,000 shares were traded on the counter so far as against the average daily volumes of 1.53 lakh shares in the past one quarter. The stock had hit a high of Rs 103 and a low of Rs 101 so far during the day. The stock had hit a 52-week high of Rs 123 on 23 March 2017. The stock had hit a 52-week low of Rs 88 on 28 September 2017.

The large-cap company has equity capital of Rs 1528.57 crore. Face value per share is Rs 10.

As per the shareholding pattern as on 31 December 2017, the Government of India held 84.04% stake in the company.

NLC India (earlier known as Neyveli Lignite Corporation) operates lignite mines, pithead thermal power stations and also has operations in renewable energy sector.

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