NMDC Q2 net profit up 19% to Rs 1,567 cr

Total income increased to Rs 3,105 crore from Rs 2,480 crore a year ago

Press Trust of India Hyderabad
Last Updated : Oct 31 2014 | 6:58 PM IST

Don't want to miss the best from Business Standard?

State-owned iron ore mine NMDC today reported an 18.89% rise in net profit for second quarter of this fiscal at Rs 1,567 crore on improved sales.

The largest iron ore miner in the country had clocked Rs 1,318 crore in net profit in the July-September quarter of the last fiscal, it said in a BSE filing.

Total income increased to Rs 3,105 crore from Rs 2,480 crore a year ago.

Also Read

Total expenses during the quarter stood at Rs 1,140 crore compared to Rs 1,021 crore in the same period last year.

The company Board has approved an interim dividend of Rs 3 per share of Re 1 for 2014-15, it said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Oct 31 2014 | 6:40 PM IST

Next Story