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NMDC posts 49 pc rise in Q3 net at Rs 886 cr

Press Trust of India  |  New Delhi 

today reported 48.9 per cent rise in standalone profit at Rs 886.53 crore for the quarter ended December 2017.

The company had posted a profit of Rs 595.16 crore in the corresponding quarter of the previous fiscal, said in a BSE filing.

However, the standalone revenue from operations declined marginally to Rs 2,469.03 crore from Rs 2,497.86 crore in the year-ago period.

NMDC -- the country's top -- presently produces about 30 million tonnes of iron ore from three fully mechanised mines.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 21:25 IST