Webinar :Don't miss the exciting session on 'Make in India: Pharmacy of the World' where top business leaders reveal how the life sciences and pharma sector can become more aatmanirbhar. Click to attend:

NMDC Q2 profit grows 10% to Rs 773 crore

Total income during the quarter under review fell to Rs 2,318.67 crore from Rs 2,369.39 crore in the same quarter of the previous fiscal.

November 10, 2020 / 09:21 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

State-owned NMDC on Tuesday posted over 10 per cent rise in consolidated net profit at Rs 772.53 crore for September quarter 2020-21, on account of reduced expenses. The company had clocked Rs 701.54 crore net profit in the year-ago quarter, NMDC said in a BSE filing.

Total income during the quarter under review fell to Rs 2,318.67 crore from Rs 2,369.39 crore in the same quarter of the previous fiscal. Total expenses reduced to Rs 1,256.40 crore from Rs 1,290.67 crore a year ago.

NMDC, under the Ministry of Steel, is the country's largest iron ore miner. Besides iron ore, it is also involved in the exploration of a wide range of minerals like copper, rock phosphate, lime stone, dolomite and gypsum.
PTI
first published: Nov 10, 2020 09:21 pm

stay updated

Get Daily News on your Browser
Sections