NMDC Q2 net profit up 19% to Rs 1,567 cr

State-owned iron ore mine NMDC today reported an 18.89% rise in net profit for second quarter of this fiscal at Rs 1,567 crore on improved sales.

The largest iron ore miner in the country had clocked Rs 1,318 crore in net profit in the July-September quarter of the last fiscal, it said in a BSE filing.

Total income increased to Rs 3,105 crore from Rs 2,480 crore a year ago.

Total expenses during the quarter stood at Rs 1,140 crore compared to Rs 1,021 crore in the same period last year.

The company Board has approved an interim dividend of Rs 3 per share of Re 1 for 2014-15, it said.