NMDC Ltd has posted a profit of ₹969.20 crore for the first quarter ended June 30, 2017, against a profit of ₹711.34 crore for the corresponding quarter last year.
The iron ore mining major registered total income of ₹2970.13 crore for the first quarter against ₹2065.82 crore for the same period a year ago.
In the last financial year ended March 31, 2017, NMDC had closed with a total profit of ₹2589.14 crore and income of ₹9738.45 crore.
In the notes accompanying the results filed with the BSE, Devinder Singh Ahluwalia, Director, Finance, NMDC, has informed ₹41.16 core has been included under the head other expenses towards expenditure in enabling facilities towards doubling of railway line between Kirandul and Jagdalpur and another railway line between Jagdalpur and Ambagaon, required for augmentation of evacuation capacity of the Bailadila sector. The company’s scrip closed at ₹126.25, down one per cent, on the BSE.