NMDC Q4 Results

State-owned miner NMDC on Tuesday reported a fall in fourth-quarter profit, hurt by lower product prices. The iron ore miner's quarterly profit before exceptional items and tax came in at ₹1,483 crore, down 4.8 per cent from a year ago. Its profit including tax rose 2% for the January-March quarter due to lower tax expenses. NMDC's iron ore prices averaged at 4,206 rupees, lower than the average of 4,299 rupees a year earlier, according to data from JM Financial Institutional Securities.