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NMDC Limited has posted a profit of Rs 511.88 crore for the fourth quarter ended March 31, 2017 as against a profit of Rs 459.08 crore for the corresponding quarter last year on a standalone basis.
The iron ore mining major registered income of Rs 2871.98 crore for the fourth quarter as against Rs 1530.15 crore for the corresponding quarter last year.
For the financial year ended March 31, 2017, the company posted a profit of Rs 2,589.14 crore and income of Rs 8,829.84 crore as against a net profit of Rs 2,712.22 crore and income of Rs 6,457.27 crore for the previous financial year.
The company's board recommended a final dividend of Re 1 per equity share of face value of Re 1 each for the financial year 2016-17. The company had paid interim dividend of Rs 4.15 during the year. The total dividend payment for the year aggregates Rs 5.15 per equity share.
The company has provided for Rs 256.94 crore towards expected credit loss on the total trade receivables of Rs 2416.22 crore and has been included in other expenses for the year.
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