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NMDC Q2 results: Net profit increases 15.7% to ₹1025 crore
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NMDC Q2 results: National Mineral Development Corporation's net consolidated profit increased by 15.7% YoY to ₹1024.86 crore in the September quarter of financial year 2023-24. The Navratna PSU had reported a net consolidated profit of ₹885.65 crore in the year-ago period.
Its consolidated revenue from operations increased by 20.6% YoY to ₹4013.9 crore in the September quarter against ₹3328.5 crore in the year-ago period. Despite an YoY increase in its net profit, NMDC's net consolidated profit declined by 38% sequentially from ₹1661.04 crore in the April-June quarter.
NMDC shares closed 1.65% higher at ₹175.25 per share on BSE on Tuesday. (More to come)Milestone Alert!
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