New Delhi, May 19 -- State-run NLC India announced its financial results for the March quarter (Q4FY24) on Monday, May 19, reporting a net profit of Rs.468.46 crore - a 311% jump compared to Rs.114 crore in the same quarter last fiscal year. However, on a sequential basis, the net profit declined from Rs.696 crore reported in the December quarter, impacted by the rise in employee expenses, which soared 58% YoY to Rs.1,093.59 crore.

Revenue from operations also declined both year-on-year and quarter-on-quarter, coming in at Rs.3,972 crore in Q4FY25, compared to Rs.4,034 crore in Q4FY24 and Rs.4,900 crore in Q3FY25.

The drop in revenue was largely attributed to a weaker performance in the mining segment, where revenue slipped to Rs.1,963 ...