NMDC, the single largest producer of iron ore in the country, witnessed a fall in share price on Friday after it disclosed a steep drop in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company declined 31.35% to Rs 13,470.90 million from Rs 19,621.40 million  in the same quarter previous year.

Revenues for the quarter declined 27.18% to Rs 28,285.80 million, compared with Rs 38,844.90 million for the prior year period.

Shares of NMDC are trading at Rs 127.40, down Rs 3.75, or 2.86% at the Bombay Stock Exchange (BSE) on Friday at 11:53 a.m.

Total volume of shares traded on the bourses today was lower by 62.83% to 925,174 compared with 22-day average volume of 2,489,075.