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NMDC reports 19% rise in Q2 net profit

01 Nov 2014 Evaluate

NMDC has reported results for second quarter ended September 30, 2014.

The company has registered 18.83% rise in its net profit at Rs 1566.75 crore for the quarter under review as compared to Rs 1318.45 crore for the same quarter in the previous year. Total income of the company has increased by 20.33% at Rs 3631.89 crore for Q2FY15 as compared Rs 3018.29 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.

Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.00
Sandur Manganese 182.00
GMDC 553.15
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