India's largest iron ore producer, NMDC has reported results for the quarter and year ended March 31, 2012.
The company ‘s net profit dipped by 21.75% for the fourth quarter ended March 31, 2012 at Rs 1642.28 crore as compared to Rs 2098.62 crore for the corresponding quarter of the previous year. The company’s total income has plunged by 25.40% to Rs 3141.35 crore for the January-March quarter from Rs 4210.84 crore for the similar quarter of the previous year.
For the year ended March 31, 2012, the company’s net profit rose by 11.79% at Rs 7265.39 crore as compared to Rs 6499.22 crore for the year ended March 31, 2011. Its total income also rose marginally by 5.61% at Rs 13278.38 crore for the year under review from Rs 12572.45 crore in the previous year.
NMDC’s board of directors at the meeting held on May 28, 2012, have recommended the final dividend at the rate of Rs 2.50 per share of Re 1 each for approval of the shareholders, in addition to the two interim dividends at the rate of Re 1 each already paid in November, 2011 and February, 2012 per share of Re 1 each.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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