NMDC Limited has reported a 41.33 per cent jump in net profit to Rs 595.16 crore for the quarter ended December 2016, from Rs 421.10 crore in the corresponding quarter the previous year, on the back of a steep rise in income from operations.
Total income from operations stood at Rs 2,497.86 crore for the quarter under review, an increase of 64.59 per cent over Rs 1,517.63 crore in the year-ago period. Total expenses were up by 22.28 per cent to Rs 1,526.33 crore from Rs 1,248.27 crore in the corresponding previous quarter.
There was a 22.78 per cent dip in net profit in the third quarter as compared to Rs 770.76 crore in the quarter ended September 2016.
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