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NMDC Q2 net profit declines 62% to Rs 885 crore due to lower income

State-owned on Monday posted a 62 per cent fall in its consolidated internet revenue to Rs 885.65 crore throughout the quarter ended September, primarily on account of decrease earnings.

It had clocked a Rs 2,339.58 crore internet revenue throughout the July-September interval of the previous fiscal, based on a regulatory submitting.

The corporate’s whole earnings fell to Rs 3,754.77 crore within the second quarter of the present monetary 12 months from Rs 6,882.44 crore within the year-ago interval.

Throughout the identical interval, bills have been at Rs 2,569.63 crore as towards Rs 3,742.64 crore.

The corporate is a number one iron ore miner.

(Solely the headline and film of this report might have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

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