 "NMDC Q2 net profit declines 62% to Rs 885 crore due to lower income")
State-owned NMDC on Monday posted a 62 per cent fall in its consolidated net profit to Rs 885.65 crore during the quarter ended September, mainly on account of lower income.
It had clocked a Rs 2,339.58 crore net profit during the July-September period of the preceding fiscal, according to a regulatory filing.
The company's total income fell to Rs 3,754.77 crore in the second quarter of the current financial year from Rs 6,882.44 crore in the year-ago period.
During the same period, expenses were at Rs 2,569.63 crore as against Rs 3,742.64 crore.
The company is a leading iron ore miner.
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