By IANS,
Kolkata : 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.