NMDC's Q3 net up 1.6% at at Rs 1,593 cr

Income of state-owned enterprise increases by 4.3% to Rs 2,946 cr

The country's largest iron ore minor NMDC Limited reported a 1.6% rise in its net profit at Rs 1593.01 crore for the quarter ended December 2014 compared with a profit of Rs 1567.30 crore accrued in the same quarter previous year.

The income of the state-owned enterprise increased by 4.3% to Rs 2,946.05 crore from Rs 2,823.17 crore during the period under consideration. The company's board approved a second interim dividend of Rs 4.25 per equity share of Re 1.

During the nine months period of the current financial year, NMDC's income and net profit stood at Rs 9,527.83 crore and Rs 5074.77 crore respectively.