MoneyWorks4Me

NMDC reports 48% fall in Q2 net profit

13 Nov 2015 Evaluate

NMDC has reported results for second quarter ended September 30, 2015.

The company has reported 48.29% fall in its net profit at Rs 810.24 crore for the quarter ended September 30, 2015 as compared to Rs 1566.75 crore for the same quarter in the previous year. The company’s total income has decreased by 44.14% to Rs 2028.66 crore for the quarter under review from Rs 3631.89 crore for the corresponding quarter of the 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 425.00
NMDC 73.80
Ashapura Minechem 491.45
Sandur Manganese 177.05
GMDC 487.05
View more..