Gujarat NRE Coke’s net profit down 19 percent
November 9th, 2011 - 8:09 pm ICT by IANSKolkata, Nov 9 (IANS) Gujarat NRE Coke Ltd, the largest independent met coke producer in India, Wednesday reported a 19 percent dip in its net profit for the second quarter ended Sep 30, which slipped to Rs.8.04 crore from Rs.9.92 crore during the corresponding period last year.
A company release here said the total income for the quarter, however, stood at Rs.270.04 crore as against Rs.243.57 crore during the like period last year.
The firm’s chairman and managing director Arun Kumar Jagatramka said sales were affected during the quarter by the iron-ore crisis and heavy rainfall.
Jagatramka said the company has a steady export order book, and with the situation in the iron and steel industry improving in south India, the company has seen orders flowing in for the current month.
- Gujarat NRE Coke's Australian subsidiary raises Rs.320 crore - Feb 17, 2011
- 6 mn tonnes coking coal from Australia by 2015: Gujarat NRE - May 23, 2011
- Gujarat NRE Coking Coal gets nod for longwall mining in Australia - Mar 28, 2012
- Gujarat NRE expects coke prices to go up from January - Dec 22, 2009
- Gujarat NRE to invest Rs.1,000 crore for plant in Andhra - May 13, 2010
- Nod for upgrade of Gujarat NRE's Australian mine - Oct 18, 2011
- Gujarat NRE Minerals to file draft papers for IPO - Sep 10, 2010
- Gujarat NRE Coke approves issuance of 5 crore warrants - May 15, 2012
- Usha Martin Q4 net dips almost 60 percent - May 10, 2012
- CESC's net profit dips 26 percent in Q2 - Nov 09, 2011
- NALCO's Q3 net profit down 80 percent - Feb 07, 2012
- CESC's Q3 net profit down 33 percent - Feb 13, 2012
- Nalco's Q2 profit down by 38 percent - Nov 12, 2011
- HDFC quarterly net profit up 20 percent - Oct 17, 2011
- Iron ore export from Goa to dip next fiscal: Exporters body - Oct 04, 2011
Tags: arun kumar, crore, gujarat nre coke, iron and steel, iron ore, managing director, net profit, rainfall, rs 8, second quarter, south india, steel industry