NLC India jumps after Q3 profit surge

NLC India

04/02/2025 04:37

** Shares of lignite and coal miner NLC India  NLCI.NS  rise
9.3% to 231 rupees
    ** Co reports over two-fold rise in Q3 net profit to 6.68
billion rupees ($76.8 mln), rev up 39.4% at 44.11 billion rupees
    ** Power generation segment rev grows 39.7% to 36.69 billion
rupees
    ** More than 9 mln shares traded as of 9:51 a.m. IST, 5.9x
their 30-day moving avg
    ** NLC trims YTD losses to 15%


($1 = 87.0300 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))