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NMDC reports 30% fall in Q3 net profit

13 Feb 2013 Evaluate

NMDC has reported results for third quarter ended December 31, 2012.

The company has reported 30.45% fall in its net profit at Rs 1,292.80 crore for the quarter as compared to Rs 1,858.81 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 27.44% at Rs 2,047.69 crore for quarter under review as compared to Rs 2,822.18 crore for the quarter ended December 31, 2011.

NMDC, India's top ore miner, accounts for about 15 per cent of iron ore mined in the country, with annual production capacity of 30 million tonnes.

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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