NLC India shares rally 12% after 28% YoY rise in Q3 PAT and Rs 1.50/share dividend announcement
PSU stock NLC India surged 12.2% to a high of Rs 237.05 on the BSE today after reporting robust Q3 results, posting an all-time highest profit after tax (PAT) of Rs 2,245 crore, reflecting a significant 28% YoY growth.
This compares to Rs 1,754 crore in the same period of the previous fiscal year.
The board of NLC India also announced an interim dividend of Rs 1.50 per share for its eligible shareholders. February 7 has been fixed as the record date for determining shareholder eligibility, and the dividend will be paid to entitled shareholders by March 4.
The company also achieved its highest-ever revenue from operations, reaching Rs 11,445 crore, a substantial 21% year-on-year increase compared to Rs 9,458 crore in the corresponding period of the previous year.
Meanwhile, NLC India’s total income reached a record high of Rs 12,909 crore, up 30% YoY from Rs 9,912 crore in the same period last year.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Market
