Moneycontrol
Feb 14, 2018 08:05 AM IST | Source: PTI

NMDC posts 49% rise in Q3 net at Rs 886 cr

The company had posted a profit of Rs 595.16 crore in the corresponding quarter of the previous fiscal, NMDC Ltd said in a BSE filing.

 
 
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NMDC Ltd today reported 48.9 per cent rise in standalone profit at Rs 886.53 crore for the quarter ended December 2017.

The company had posted a profit of Rs 595.16 crore in the corresponding quarter of the previous fiscal, NMDC Ltd said in a BSE filing.

However, the standalone revenue from operations declined marginally to Rs 2,469.03 crore from Rs 2,497.86 crore in the year-ago period.

NMDC -- the country's top iron ore producer -- presently produces about 30 million tonnes of iron ore from three fully mechanised mines.
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