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09-Aug2018

NMDC reports marginal rise in Q1 net profit

NMDC has reported results for first quarter ended June 30, 2018.

The company has reported a marginal rise of 0.63% in its net profit at Rs 975.27 crore for the quarter under review as compared to Rs 969.20 crore for the same quarter in the previous year. However, total income of the company decreased by 14.24% at Rs 2,547.13 crore for Q1FY19 as compared Rs 2,970.13 crore for the corresponding quarter previous year.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.


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