State-owned NMDC, the country's largest iron ore miner, on Monday reported a 53.4 per cent year-on-year rise in consolidated net profit at Rs 2,108.05 crore for the quarter ended December 31 (Q3FY21). The company posted a profit of Rs 1,375 crore in the corresponding period a year ago (Q3FY20). It was Rs 772.53 in September quarter (Q2FY21).
The revenue from operations rose 44.8 per cent to Rs 4,355.10 crore in the December quarter compared to the revenue of Rs 3,006.38 crore during the same period a year earlier. It was Rs 2,229.89 crore in the September quarter.
Besides iron ore, NMDC is also involved in the exploration of a wide range of minerals like copper, rock phosphate, lime stone, dolomite