Hyderabad: Country’s largest iron ore miner NMDC’s net profit rose by 9.54 per cent to Rs 844.30 crore for the second quarter ended September 2017. The public-sector major had reported Rs770.76 crore net profit in the July-September quarter of the last fiscal, according to a release. Total income during the second quarter increased to Rs2,531.18 crore from Rs 2,012.64 crore a year ago.
N Baijendra Kumar, CMD, along with other functional directors, announcing Q2 results
NMDC board led by company's CMD N Baijendra Kumar has approved the second quarter results for 2017-18. “While congratulating employees for their efforts in achieving the highest records of production, sales and turnover during quarter, Baijendra Kumar said: “NMDC has posted a turnover of Rs2,421 cr during the second quarter of 2017-18, representing an increase of 39% over the previous corresponding quarter.