 "NMDC consolidated profit drops marginally to Rs 2,048 cr in Dec quarter")
State-owned NMDC on Tuesday reported a marginal 2.8 per cent drop in consolidated profit at Rs 2,048.40 crore for the quarter ended December 31, 2021 on the back of higher expenses.
The company had reported a profit of Rs 2,108.05 crore for the year-ago period, NMDC said in a filing to BSE.
However, the company's income during the quarter increased to Rs 6,026.68 crore, over Rs 4,460.97 crore in the year-ago period.
Expenses during the third quarter rose to Rs 3,332.44 crore from Rs 1,650.56 crore in the year-ago period, the filing said.
The board approved "second interim dividend at the rate of Rs 5.73 per equity share of face value of Re 1 each for the financial year 2021-22."
The Hyderabad-headquartered firm under Ministry of Steel, is the country's largest iron ore mining company.
It is also involved in the exploration of a wide range of minerals like copper, rock phosphate, limestone, dolomite and gypsum.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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