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Neyveli Lignite FY09 net profit rises to Rs821.09 cr

Neyveli Lignite FY09 net profit rises to Rs821.09 cr
PTI
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First Published: Mon, Jun 22 2009. 11 48 AM IST
Updated: Mon, Jun 22 2009. 11 48 AM IST
Mumbai: Neyveli Lignite Corporation on Monday reported a consolidated net profit of Rs821.09 crore for the year ended 31 March 2009.
The company registered a total income of Rs4,019.89 crore in FY09, while it had a total income of Rs3,638.07 crore in the previous fiscal, Neyveli Lignite said in a filing to the Bombay Stock Exchange.
The company for the first time reported its consolidated net profit, hence the comparable figures for the year-ago period were not available.
Besides, it has recommended a dividend of Rs2 per share for the FY09, subject to approval of board members.
On the standalone basis, Neyveli Lignite posted a 25% decline in its net profit at Rs821.09 crore for the year ended 31 March 2009, as against Rs1,101.57 last fiscal.
Shares of Neyveli Lignite were quoting at Rs122.95, up 1.24% in the morning trade on the BSE.
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First Published: Mon, Jun 22 2009. 11 48 AM IST