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NMDC's Q3 consolidated net profit more than halves to Rs 904 crore

NMDC, under the Ministry of Steel, is the country's largest producer and supplier of iron ore

Photo courtesy: www.nmdc.co.in

1 min read Last Updated : Feb 14 2023 | 8:37 PM IST

State-owned NMDC's consolidated net profit more than halved to Rs 903.89 crore for the December quarter, mainly on account of lower income.

The company had clocked a net profit of Rs 2,046.88 crore in the October-December period of the preceding 2021-22 fiscal, the miner said in a regulatory filing on Tuesday.

Its total income also tumbled to Rs 3,924.75 crore from Rs 6,026.68 crore in the year-ago quarter.

Total expenses were at Rs 2,693.01 crore, as against Rs 3,332.44 crore a year ago.

NMDC, under the Ministry of Steel, is the country's largest producer and supplier of iron ore.

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