 "Photo courtesy: www.nmdc.co.in")
Public sector iron ore mining company NMDC has posted a 11.5 per cent growth in its standalone net profit at Rs 511.88 crore during the quarter ended, March 2017, compared with Rs 459.08 crore in the corresponding quarter previous fiscal.
The company's total income from operations grew 87.6 per cent to Rs 2,871.60 crore in the quarter under review from Rs 1,530.14 crore in the year ago period. Its overall expenses rose 67.2 per cent to Rs 1,970.51 crore during the quarter.
The company's consolidated net profit has come down marginally to Rs 2,544 crore in 2016-17, from Rs 2,546 crore
