logo

National miner NMDC firms up Q2 net by 19%

National miner NMDC firms up Q2 net by 19%
State-owned iron ore mine NMDC on Friday  reported an 18.89 per cent 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. 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.

Iron ore production during the second ?Quarter ?touched 64.46 lakh tonnes registering a growth of about 9 per cent against 59.40 lakh tones during the same quarter last fiscal.

For the first half of the year, production touched 143.89 lakh tonnes registering a growth of about 12 per cent when compared to 128.61 lakh tones during the same period last year, NMDC said in a press release.

The iron ore sales during the quarter under discussion was at 72.69 lakh tonnes registering a growth of about 12 per cent over 65.04 lakh tonnes in the second quarter of 2013-14.
PTI

PTI

Our contributor helps bringing the latest updates to you


Share it
Top