<p>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.<br /><br /></p>.<p>The largest domestic iron ore miner had reported a net profit of Rs 2,098.62 crore in the same quarter of 2010-11.<br /><br />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.</p>
<p>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.<br /><br /></p>.<p>The largest domestic iron ore miner had reported a net profit of Rs 2,098.62 crore in the same quarter of 2010-11.<br /><br />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.</p>