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NMDC net profit up 11.5% in Q4

Posted By: Doraiah Vundavally May 25, 2017

NMDC net profit up 11.5% in Q4Hyderabad, May 25 (IANS) State-run NMDC Ltd on Thursday reported 11.5 per cent rise in its standalone net profit to Rs 511.88 crore during the quarter ended March 31, 2017 as compared to Rs 459.08 crore in the year-ago period.

Its income from operation in the quarter under review was at Rs 2,871.60 crore, up by 87.6 per cent from Rs 1,530.14 crore in the corresponding period of the previous fiscal.

Its consolidated net profit in 2016-17 stood at Rs 2,546.10 crore as against Rs 2,543.86 crore in 2015-16.

 

The miner said the total dividend payment for 2016-17 aggrgates to Rs 5.15 per equity share.

On Thursday, its scrip was up 1.64 per cent to Rs 117.50 over the previous day's close at BSE.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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NMDC net profit up 11.5% in Q4

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.