NMDC

NMDC Q2 net profit dips 18%

NMDC Q2 net profit dips 18%

NMDC, leading mining firm has recorded disappointing results for the second quarter ended September 30, 2009.

The company as posted a dip of 18% in its net profit which stood at Rs 771 crore in the second quarter ended September 30, 2009.

In the comparable period a year before, the company has registered a net profit of Rs 944.93 crore.

Total income of the company has witnessed a downward trend to Rs 1,565.76 crore during the reporting period, as compared to Rs 1,857.27 crore in the quarter ended September 30, 2008.

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