Mining giant NMDC today said its net profit for the December quarter grew 47.17 per cent at Rs 1,424.95 crore as against Rs 968.22 crore in the same period a year ago.
According to the release, the company's total income rose to Rs 2,566.68 crore for the reporting quarter from Rs 1,798.12 crore.
While, for the nine-month period ended December 31, NMDC registered a net profit of Rs 3,351.19 crore, a 50 per cent growth over the corresponding period last year.
It had a net profit of Rs 2,234.01 crore in the same period last year.
Further, NMDC has announced that the company would pay its first interim dividend of 103 per cent for the current financial year.
Shares of NMDC surged 2.62 per cent and were trading at Rs 151 in the afternoon trade on the BSE.