New Delhi, May 26 (PTI) State-owned NMDC on Thursday said its consolidated net profit fell 36 per cent to Rs 1,812.98 crore for the quarter ended March 31, weighed down by higher expenses.

The company had clocked Rs 2,835.54 crore net profit during the January-March quarter of 2020-21, NDMC said in a regulatory filing.

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During the quarter under review, the company's total income rose marginally to Rs 7,034.83 crore, from Rs 6,932.75 crore in the year-ago period.

Total expenses soared to Rs 4,156.62 crore, as against Rs 2,668.36 crore a year ago.

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Hyderabad-based NMDC, under the Ministry of Steel, is the country's largest iron ore producing and selling company.

(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)