New Delhi, Feb 14 (PTI) State-owned NMDC on Wednesday posted a 62 pc rise in consolidated net profit to Rs 1,469.73 crore in the December quarter, pushed by higher income.

It had clocked a net profit of Rs 903.89 crore in the year-ago period, the mining company said in an exchange filing.

Also Read | APPSC Group 2 Hall Ticket 2023 Released at psc.ap.gov.in: Admit Card for Group 2 Services Examination Out, Know Steps To Download.

The company's total income surged to Rs 5,746.47 crore over Rs 3,924.75 crore a year ago.

NMDC's expenses stood at Rs 3,516.78 crore in the third quarter of the current fiscal as against Rs 2,693.01 crore a year ago.

Also Read | Saraswati Temples in India: From Dakshina Mookambika to Sri Vidya Saraswathi Shaneeshwara, Mandirs Across The Country Dedicated to the Goddess of Knowledge.

The board of the company has also approved an interim dividend of Rs 5.75 per equity share for 2023-24 and fixed February 27 as the record date for the purpose.

NMDC, under the Ministry of Steel, is India's largest iron ore mining company contributing to around 20 per cent of the country's demand of the key steel making raw material.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)