NMDC Ltd has achieved a net profit of ₹1105.85 crore for the fourth quarter ended March 31, 2018, against a profit of ₹511.88 crore for the corresponding quarter, with net more than doubling at 116 per cent, on a standalone basis.
The iron ore mining major registered total income of ₹4053.16 crore for the quarter, up 35 per cent, against ₹3006.25 crore for the corresponding quarter in the previous fiscal.
The miner achieved a profit of ₹3805.88 crore and total income of ₹12,134.64 crore for the financial year ended March 2018 against a profit of ₹2,589 crore and total income of ₹9738.45 crore for the previous fiscal.
On a consolidated basis, the company posted a profit of ₹3808.46 crore and total income of ₹12,138.13 crore against a profit of ₹2543.86 crore and total income of ₹9739.81 crore for the previous fiscal.
The company achieved total production of 35.5 mt during FY2018 against 34 mt in FY2017, resulting in 5 per cent higher production.