Tuesday 11 February 2014

NMDC reports 21% jump in Q3 net profit

NMDC has reported results for third quarter ended December 31, 2013.

The company has reported 21.23% rise in its net profit at Rs 1567.30 crore for the quarter, as compared to Rs 1292.80 crore for the same quarter in the previous year. Total income of the company increased by 27.92% at Rs 3330.87 crore for quarter under review as compared to Rs 2603.95 crore for the quarter ended December 31, 2012.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.

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