 "NMDC Q2 profit grows 10% to Rs 703-cr in September quarter, expenses rise")
State-owned iron ore miner NMDC said its standalone net profit rose over 10 per cent to Rs 703.27 crore during the quarter ended September 2019.
The company had clocked Rs 636.37 crore net profit during the same quarter of the preceding fiscal, NMDC said in a BSE filing.
Total income fell to Rs 2,369.30 crore during the quarter, compared with Rs 2,568.87 crore a year ago.
Total expenses stood at Rs 1,288.85 crore in July-September 2019 as against Rs 1,255.68 crore in the year-ago period.
NMDC, under the steel ministery, is the country's single largest iron ore producer.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app