NMDC has reported a decline of 21.74 per cent in net profit to Rs 1,642.28 crore for the quarter ended March 31, 2012, largely due to lower realisations on sale of iron ore.
The largest domestic iron ore miner had reported a net profit of Rs 2,098.62 crore in the same quarter of 2010-11.
Net sales of the company were down 45.35 per cent to Rs 2,593.65 crore during the quarter vis-a-vis Rs 3,769.75 crore in Q4 of FY’11, it said.
Published 28 May 2012, 16:45 IST