NMDC Q2 net up 48% at Rs945 cr

NMDC Q2 net up 48% at Rs945 cr

PTI

Mumbai: Domestic mining major NMDC today said its net profit for the second quarter ended 30 September stood at Rs944.93 crore, a 47.64% growth over the same period a year ago.

The company had a net profit of Rs640.02 crore in the second quarter of FY 2008, NMDC said in a filing to the Bombay Stock Exchange.

Total income rose by 44.79% at Rs1,857.27 crore in the quarter under review, from Rs1,282.72 crore in the same period last year.

For six months ended 30 September, NMDC registered a net profit of Rs1,926.24 crore, a 52.17% jump over the year-ago period . The company had a net profit of Rs1,265.79 crore in the July-September period.

Total income rose to Rs3,298.90 crore during six-month period from Rs2,213.01 crore in the same period last fiscal.

Shares of the company were trading at 143, down 4.98 per cent on the BSE.

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