Low price realisation from e-auctions, fuelled by depleting interest income from banks on its cash reserves, in a situation when the demand of the fossil fuel is at a low, resulted in state-owned miner Coal India posting a decline of 14.78 per cent
Tata Steel’s consolidated net loss widened about 10 times to Rs 3,183 crore in the quarter ended June (Q1), against a Rs 317-crore loss in the corresponding period last year, according to the new accounting standard Ind-AS.
NLC India — formerly Neyveli Lignite Corporation — has posted a 37 per cent decline in net profit at Rs 230.75 crore during the quarter ended June 30, 2016, as compared to Rs 366.90 crore during the same period of the previous financial year
Public sector aluminium major National Aluminium Company (Nalco) logged 22.4% fall in its net profit at Rs 135 crore for the quarter ended on June 30 this year as compared with Rs 174 crore recorded in the same period of last financial year.
Steel Authority of India’s net loss for the June quarter widened to Rs 535 crore, mainly on account of an exceptional item after the company paid Rs 54.2 crore towards voluntary retirement compensation during the period.
State-run Oil and Natural Gas Corporation (ONGC) has posted a 21.1 per cent decline in net profit for the June quarter to Rs 4,233 crore against Rs 5,368 crore in the year-ago period, owing to a drop in production.
State gas utility GAIL India on Wednesday reported a 244 per cent jump in its June quarter net profit, boosted by a turnaround in petrochemical business and sale of stake in Mahanagar Gas, which retails compressed natural gas (CNG) in Mumbai.
State-run Oil India Ltd (OIL) has posted a 33.47 per cent drop in net profit for the first quarter of the financial year 2016-17 to Rs 494.41 crore, as compared to Rs 743.21 crore during the same period during the financial year 2015-16.The
Packaging major Essel Propack, a major player in laminated plastic tubes catering to the FMCG & Pharma space, reported six per cent increase in its consolidated net profit at Rs 37.6 crore for the quarter-ended June against Rs 35.5 crore in the year-ago