NMDC Q3 net profit up 41% to Rs 595 crore on firm iron ore prices

Total income from operations up 65% at Rs 2,498 crore; expenses up 22% to Rs 1,526 cr

Public sector iron ore miner NMDC Limited has reported a 41.33 per cent jump in net profit to Rs 595.16 crore for the quarter ended December 2016, from Rs 421.10 crore in the corresponding quarter the previous year, on the back of a steep rise in income from operations helped by the firming up of iron ore prices.

The company's total income from operations stood at Rs 2,497.86 crore for the quarter under review, an increase of 64.59 percent over Rs 1,517.63 crore in the year-ago period. The total expenses have grown by 22.28 percent to Rs 1,526.33 crore from