Latest News | NMDC Profit Falls to Rs 885.65 Crore in September Quarter
Get latest articles and stories on Latest News at LatestLY. State-owned NMDC on Monday posted a 62 per cent fall in its consolidated net profit to Rs 885.65 crore during the quarter ended September, mainly on account of lower income.
New Delhi, Nov 14 (PTI) State-owned NMDC on Monday posted a 62 per cent fall in its consolidated net profit to Rs 885.65 crore during the quarter ended September, mainly on account of lower income.
It had clocked a Rs 2,339.58 crore net profit during the July-September period of the preceding fiscal, according to a regulatory filing.
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The company's total income fell to Rs 3,754.77 crore in the second quarter of the current financial year from Rs 6,882.44 crore in the year-ago period.
During the same period, expenses were at Rs 2,569.63 crore as against Rs 3,742.64 crore.
The company is a leading iron ore miner.
(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)