MOIL December Quarter Net Plunges 88%

New Delhi: State-run MOIL’s standalone net profit plunged 88 per cent to Rs 13 crore for the quarter ended December due to lower income.

The company had reported a net profit of Rs 108 crore in the corresponding quarter of the previous fiscal, it said in a filing to the BSE.

The company’s income from operations declined 59.7 per cent to Rs 87.81 crore as against Rs 218.38 crore in the corresponding quarter a year ago, the filing said.

In a separate regulatory filing, it said the board of directors of the company at its meeting held on February 9, 2016, inter alia, has declared interim dividend of Rs 3 per equity share of face value of Rs 10 each, for FY 2015-16.

The date of payment of interim dividend for 2015-16 shall be March 4, 2016, it said.