Omaxe Q2 net profit dips 21 pc at Rs 18.5 cr

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Kolkata: NMDC, one of the country's largest iron ore miners, posted a 10% increase profit after tax (PAT) to Rs 844 crore for second quarter of 2017-18 (Q2FY18) up from Rs 771 crore for Q2FY17 driven by improved sale realization and volumes.

The company posted total income of Rs 2,531.18 crore for the second quarter as against Rs 2,012.64 crore for the corresponding quarter previous year.

Total income from operations during the second quarter grew 8.20 per cent to Rs 12,702 crore as compared to (Rs XX crore) in the corresponding quarter a year ago.

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The gas utility marketed 5 per cent more gas by volume during the quarter in consideration, the statement said.

Earnings from natural gas marketing in the quarter under review rose 27 per cent to Rs 419.74 crore.

The company has reported net sales of Rs.1529.48 crores during the period ended September 30, 2017 as compared to Rs.1600.30 crores during the period ended September 30, 2016.

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Revenue dropped marginally by around 1per cent to Rs12,409.65 crore.

For the fiscal ended March 31, 2017, the company had posted a profit of Rs 2,589.6 crore and income of Rs 9,738.45 crore.

The stock closed 0.64 per cent down at Rs 1,087.25 on BSE.

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