NMDC posts a surge of 97% in its net profit of Q4

NMDC has announced the results for the quarter and year ended March 31, 2011.

The company’s net profit surged 97% to Rs 2098.62 crore for the quarter ended March 31, 2011 as compared to Rs 1065.59 crore for the quarter ended March 31, 2010. Its total income has increased from Rs 2228.89 crore for the quarter ended March 31, 2010 to Rs 4213.03 crore for the quarter ended March 31, 2011.

For the year ended March 31, 2011, the company has posted a net profit of Rs 6499.22 crore as compared to Rs 3447.26 crore for the year ended March 31, 2010, up 89%. Its total income has increased from Rs 7100.80 crore for the year ended March 31, 2010 to Rs 12574.64 crore for the year ended March 31, 2011.