Hyderabad The government-owned iron ore miner NMDC has reported a 15% drop in its net profit at R1,678.62 crore during the second quarter ended September, due to lower production. The company had a net profit of R1,963.15 crore in the Q2 last year.

The firm’s net sales fell 14.71% to R2,611.84 crore during Q2 this year from R3,062.32 crore in the same period a year ago. Its total expenditure also rose by about 8% to R710.28 crore during the July-September quarter.