Indian state-run iron ore miner NMDC Limited has reported net profit of INR 16.49 billion ($199.24 million) in the first quarter (April-June) of the fiscal year 2023-24, a rise of 12 percent over the corresponding quarter of the previous fiscal year, according to a company regulatory filing on Monday, August 14.
The company reported a total income of INR 53.74 billion ($649.11 million) in the first quarter, up 13.61 percent over the corresponding quarter of the previous year.
The company also reported a 45 percent rise in sales volume to 11.15 million mt in the first quarter.