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NMDC reports 62% fall in Q2 consolidated net profit

15 Nov 2022 Evaluate

NMDC reported results for second quarter ended September 30, 2022.

The company has reported fall of 62.05% in its net profit at Rs 888.68 crore for Q2FY23 as compared to Rs 2,341.87 crore for the corresponding quarter previous year. Total income of the company decreased by 45.45% to Rs 3,754.45 crore for the quarter under review as compared to Rs 6,882.33 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 62.14% in its net profit at Rs 885.65 crore for the quarter under review as compared to Rs 2,339.58 crore for the same quarter in the previous year. Total income of the company decreased by 45.44% to Rs 3,754.77 crore for the quarter under review as compared to Rs 6,882.44 crore for the same quarter in the previous year.

Peers
Company Name CMP
Coal India 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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