Gujarat NRE Coke third qtr net falls 27% to Rs 21.05 cr

Coking coal producer Gujarat NRE Coke on Monday reported a 27.11 per cent dip in net profit to Rs 21.05 crore for the quarter ended December 31, 2010.

The company had posted a net profit of Rs 28.88 crore for the October-December quarter of the previous financial year, Gujarat NRE Coke said in a filing to the Bombay Stock Exchange.

However, the company's total income jumped to Rs 438.84 crore in the third quarter from Rs 312.47 crore in the year-ago period, the filing added.

Shares of Gujarat NRE Coke were trading at Rs 55.20 on BSE at 10.19 am, down 0.36 per cent from the previous close.