Indian state-owned miner National Mineral Development Corporation (NMDC) has announced its financial results for the second quarter and the first half ended on September 30 of the financial year 2012-13.
In the second quarter, NMDC's net profit decreased by 14.5 percent to INR 16.78 billion ($309.16 million) compared to the same quarter of the previous financial year. Sales revenues in the given quarter amounted to INR 28.4 billion ($523.3 million), down 14.72 percent year on year.
For the first six months of the current financial year, NMDC registered a net profit of INR 35.84 billion ($660.34 million), down 4.8 percent year on year, while the company's sales revenues decreased by 6.8 percent to INR 54.52 billion ($1 billion), compared to the corresponding period of the previous financial year.