MOIL reported net profit of Rs 116 crore in Q4 FY21, steeply higher compared with 13.47 crore in Q4 FY20.Net sales grew 81% to Rs 450.14 crore in Q4 FY21 as against Rs 248.66 crore in Q4 FY20. Profit before tax stood at Rs 159.37 crore in Q4 FY21, steeply higher than Rs 21.62 crore in Q4 FY20.
The PSU company posted 14.1% decline in net profit of Rs 213.13 crore for the year ended March 2021 (FY21) compared with net profit of Rs 248.22 crore in the year ended March 2020 (FY20). Net sales jumped 13.4% to Rs 1,177.38 crore in FY21 over FY20.
The board recommended final dividend of Rs 4.90 per equity share for the Financial Year ended March 2021.
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The record date for the dividend is set on 20 March 2021.The board of Rites, an infrastructure consultancy and engineering company, has declared a second interim dividend of Rs 4 per share on the share with face value of Rs 10 each. The record date for the purpose of payment of dividend is 20 March 2021.
The second interim dividend brings the company s total dividend for FY21 so far, to Rs 9 per share, amounting to Rs 216.27 crore.
Further, the company informed that its standalone revenue for the nine months of FY21 has been Rs 1,315 crore and profit after tax has been Rs 290 crore.
Meanwhile, the company said it has commenced the export shipments to Sri Lanka and Mozambique. The 10 railway passenger coaches has been successfully delivered to Sri Lanka and first shipment of two 3,000 HP Cape Gauge AC-AC locomotives has been flagged off to Mozambique, it added in a statement issued after market hours yesterday, 12 March 2021.
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NLC India on Friday announced that it has raised Rs 300 crore through issue of commercial paper.In an exchange filing, the company said that it issued 6,000 commercial paper of face value of Rs 5 lakh each on 26 February 2021, aggregating to Rs 300 crore.
Shares of NLC India declined 0.28% to Rs 52.85 on Friday.
NLC India is a Navratna government of India company in the fossil fuel mining sector in India and thermal power generation. As of 31 December 2020, the Government of India holds 79.2% stake in the company.
The PSU company s consolidated net profit fell 54.2% to Rs 183.10 crore on 19.2% decline in net sales at Rs 2214.86 crore in Q3 FY21 over Q3 FY20.
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