NMDC Q1 net down 21% at Rs 774 cr

State-run NMDC today reported a 21.15 per cent drop in net profit to Rs 773.75 crore in the first quarter ended June 30, 2009.

The company had a net profit of Rs Rs 981.3 crore in the corresponding quarter a year ago.

Total income decreased to Rs 1,507.06 crore in the June quarter of 2009 from Rs 1,862.37 crore in the corresponding year-ago period.

Shares of NMDC closed at Rs 367.25, down 2.88 per cent on the BSE.