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NMDC reports 20% rise in Q1 net profit

29 Jul 2011 Evaluate

NMDC has reported results for its first quarter ended June 30, 2011.

The company’s net profit for the quarter has jumped 19.75% at Rs 1801.15 crore as compared to Rs 1504.04 crore for the same quarter last year. Its total income increased by 17.69% to Rs 3224.43 crore for the quarter under review from Rs 2739.82 crore for the corresponding quarter of the previous year.

NMDC is involved in the exploration of a wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands, etc. NMDC is India's single largest iron ore producer and exporter.

Peers
Company Name CMP
Coal India 389.45
NMDC 67.21
Ashapura Minechem 409.00
Sandur Manganese 162.00
GMDC 412.20
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