New Delhi (08.02.2021): The state-owned mining major National Mineral Development Corporation (NMDC) on Monday reported a 53.3 percent year-on-year rise in consolidated net profit at Rs 2,108 crore for the quarter ended 31 December (Q3 of FY21). NMDC posted a profit of Rs 1,375 crore in the corresponding period a year ago. It was approx. Rs 772 in September quarter (Q2FY21). The earnings from operations rose 44.8 per cent to Rs 4,355 crore in the December quarter compared to the revenue of Rs 3,006 crore during the same period a year earlier. It was Rs 2,229.89 crore in the September quarter. In addition to iron mining, NMDC is also involved in the exploration of a wide range of minerals like lime stone, Gypsum, copper, rock phosphate and dolomite.
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NMDC Q3 results: Net profit soars 53 percent
By IndianMandarins - 2021-02-08 22:04:00
New Delhi (08.02.2021): The state-owned mining major National Mineral Development Corporation (NMDC) on Monday reported a 53.3 percent year-on-year rise in consolidated net profit at Rs 2,108 crore for the quarter ended 31 December (Q3 of FY21). NMDC posted a profit of Rs 1,375 crore in the corresponding period a year ago. It was approx. Rs 772 in September quarter (Q2FY21).
The earnings from operations rose 44.8 per cent to Rs 4,355 crore in the December quarter compared to the revenue of Rs 3,006 crore during the same period a year earlier. It was Rs 2,229.89 crore in the September quarter.
In addition to iron mining, NMDC is also involved in the exploration of a wide range of minerals like lime stone, Gypsum, copper, rock phosphate and dolomite.
