Miniratna manganese-ore mining PSU MOIL today reported 35.67 per cent increase in net profit at Rs 149.35 crore for the quarter ended March 31, 2014, largely due to rise in sales and decrease in expenses.
The Nagpur-based PSU had reported a net profit of Rs 110.08 crore during the corresponding quarter of 2012-13.
Its net sales rose by 9.44 per cent during the quarter at Rs 292.01 crore vis-a-vis Rs 266.81 crore in Q4 of FY’13, it said in a filing to BSE.
Total expenditure of MOIL declined by 16.98 per cent to Rs 138.07 crore against Rs 166.31 in the corresponding period previous fiscal.
Its net revenue from mining products for the fourth quarter of the last fiscal stood at Rs 285.84 crore against Rs 251.73 crore in a year-ago period whereas the net revenue from manufacturing and power stood at Rs 7.32 crore and Rs 2.32 crore for the quarter.
For the financial year ended March 31, 2014, MOIL’s net profit rose by 18 per cent at Rs 509.56 crore as compared to a net profit of Rs 431.72 crore in FY’13.
The Nagpur-based PSU had reported a net profit of Rs 110.08 crore during the corresponding quarter of 2012-13.
Its net sales rose by 9.44 per cent during the quarter at Rs 292.01 crore vis-a-vis Rs 266.81 crore in Q4 of FY’13, it said in a filing to BSE.
Total expenditure of MOIL declined by 16.98 per cent to Rs 138.07 crore against Rs 166.31 in the corresponding period previous fiscal.
Its net revenue from mining products for the fourth quarter of the last fiscal stood at Rs 285.84 crore against Rs 251.73 crore in a year-ago period whereas the net revenue from manufacturing and power stood at Rs 7.32 crore and Rs 2.32 crore for the quarter.
For the financial year ended March 31, 2014, MOIL’s net profit rose by 18 per cent at Rs 509.56 crore as compared to a net profit of Rs 431.72 crore in FY’13.
