A reduction in employee benefit costs and in other expenses and a higher realisation helped Coal India Ltd (CIL) post a 362 per cent rise in net profit at ₹6,024.23 crore for the quarter ended March 31, 2019. Net profit in the year-ago-period stood at ₹1,302.63 crore.

The company’s net revenue rose by 8 per cent to ₹28,546 crore against ₹26,547 crore logged in the same quarter of the previous fiscal. Employee benefit expenses during the quarter under review came down by over 35 per cent to ₹10,700 crore ( ₹16,651 crore). Contractual expenses also came down to ₹3,839 crore.

For the full year, the PSU saw a 148 per cent rise in its net profit at ₹17,462 crore, while revenue from operations stood at ₹99,547 crore.

Average realisation per tonne of coal in FSA sales during FY19 witnessed an eight per cent increase at ₹1,348 during the fiscal. Overall average realisation per tonne of coal went up to ₹1,529 during FY-19 — a nine per cent Y-o-Y jump.

CIL produced 606 million tonnes of raw coal during the year; while its offtake stood at 608.1 mt.

Tamil Nadu Newsprint and Papers (TNPL) reported a net profit of ₹13.49 crore for the March quarter of 2018-19 against ₹33.10 crore registered in the corresponding quarter in the previous fiscal.

Under exceptional item, the company has made a provision of ₹73.19 crore in Q4 of 2018-19 towards outstanding deposits/advances which are considered doubtful of recovery based on defaults in repayment commitments towards advances/deposits for procurement of bagasse.

Profit before exceptional item and tax for the quarter stood at ₹100.14 crore (₹57.65 crore). Total revenue was marginally lower at ₹1,059.20 crore (₹1,062.17 crore. For the year ended March 31, 2019, its profit after tax was at ₹94.39 crore against a loss of ₹42.15 crore the previous year. Profit before exceptional items and tax is ₹228.39 crore against a loss of ₹27.99 crore.

The board has recommended a dividend of ₹7.50 per share for FY19.

NACL Industries Limited (formerly known as Nagarjuna Agrichem) has registered a total income of ₹891 crore in 2018-19 against ₹865 crore in the previous year, showing a growth of 3 per cent.

It posted a loss of ₹8.35 crore in the year as against a net profit of ₹11 crore in the previous year on account of poor seasonal conditions in the market which led to a drop in domestic formulation revenues by 11 per cent.

Berger Paints India Ltd reported a standalone net profit of ₹153 crore for the quarter ending March 31, 2019. Net profit in the comparative quarter last fiscal stood at ₹167 crore.

In a stock market notification, the company has claimed that the results are not comparable as there is an impact of provision of ₹28.60 crore.

The company’s revenue from operations jumped by 13 per cent to ₹1,353 crore. Berger’s consolidated net profit rose five per cent to ₹111crore for the March quarter. Its consolidated revenue from operations during the quarter stood at ₹1,472 crore.

For the full year, its consolidated revenue from operations rose by eight per cent on a Y-o-Y basis to ₹498 crore, while the consolidated revenues increased by nearly 18 per cent to ₹6,062 crore.

The board has recommended payment of dividend of ₹1.90 per equity share on the face value of ₹1 each.

GOCL Corporation , a Hinduja Group company, has posted a profit of ₹13.95 crore for the fourth quarter ended March 31, 2019, up 37 per cent from ₹10.19 crore for the corresponding quarter of the previous fiscal.For the full year ended March 31, the company logged a profit of ₹40.57 crore ( ₹34.10 crore). Th consolidated revenue of ₹154 crore in Q4 was up 7.6 per cent and total income for the year was at ₹593 crore ( ₹565 crore).

India Tourism Development Corporation (ITDC) has reported a consolidated net profit of ₹40.18 crore for the quarter ended March 31, 2019. For the same quarter in the previous fiscal, it had recorded a consolidated net profit of ₹14.32 crore. Total income for the quarter under review stood at ₹377.84 crore (₹372.59 crore).

The board recommended a dividend of ₹2.10 per equity share for FY19.