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.
