NMDC reports 14.49% fall in Q2 net profit

NMDC Ltd. | Mining & Minerals | Metals & Mining | BSE: 526371 | NSE: NMDC

07 Nov 2012 Evaluate

NMDC has reported results for second quarter ended September 30, 2012.

The company has reported a fall of 14.49% in its net profit at Rs 1678.62 crore for the quarter as compared to Rs 1963.15 crore for the same quarter in the previous year. Total income of the company has decreased by 10.35% at Rs 3195.06 crore for quarter under review as compared to Rs 3564.08 crore for the quarter ended September 30, 2011.

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	425.60
NMDC	82.45
Ashapura Minechem	542.60
Sandur Manganese	190.35
GMDC	575.20
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