NMDC has registered a net profit of ₹1,567 crore for the second quarter ended September 30, 2014, against ₹1,318 crore for the corresponding quarter last year, registering a growth of 19 per cent.
The profit for the first half this year was ₹3,482 crore, up 20 per cent, against ₹2,891 crore for the same period last year.
The sales income for the second quarter was ₹3,105 crore (₹2,480 crore), registering a growth of 25 per cent. And for the first-half, the sales were at ₹6,582 crore (₹5,351 crore), registering a growth of 23 per cent.
Narendra Kothari, Chairman and Managing Director, said the company is on the right path to achieve production and sales of iron ore of more than 32 million tonnes for this year. NMDC is determined to achieve production of more than 50 million tonnes by 2018-19 to meet the growing demand of the steel industry.
NMDC said it achieved highest production and sales in any first half of a financial year since inception.
The Board declared interim dividend of 300 per cent.
During the second quarter, NMDC iron ore production touched 64.46 lakh tonnes (lt) registering a growth of 9 per cent over 59.40 lt. In the first-half, production was up 12 per cent at 143.89 lt (128.61 lt).
The iron ore sale during the second quarter was 72.69 lt registering a growth of 12 per cent (65.04 lt). During the first-half, iron ore sales were up 15 per cent at 158.59 lt (137.56 lt).