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The company produced 4.71 million tonnes (MT) of iron ore in December 2024, compared to 4.48 MT in the same period last year. Shares of NMDC Ltd ended at ₹65.98, up by ₹0.030, or 0.045%, on the BSE.
The country's largest iron ore miner NMDC Ltd on Wednesday (January 1) posted a 5.1% year-on-year (YoY) increase in iron ore production for December 2024, reaching 4.71 million tonnes (MT) compared to 4.48 MT in the same period last year.
However, iron ore sales declined by 6.7% YoY to 3.91 MT, down from 4.19 MT in December 2023.
NMDC reported an 18.1% year-on-year (YoY) increase in net profit at ₹1,211.6 crore for the second quarter that ended on September 30, 2024. In the corresponding quarter of the previous fiscal, NMDC posted a net profit of ₹1,026 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹1,433 crore for the quarter under review.
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The company's revenue from operations surged 22.5% to ₹4,919 crore against ₹4,014 crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted revenue of ₹4,681 crore for the quarter under review.
At the operating level, EBITDA was up 16.4% to ₹1,385.7 crore in the second quarter of this fiscal over ₹1,191 crore in the year-ago period. The CNBC-TV18 poll had predicted an EBITDA of ₹1,672 crore for the quarter under review.
The EBITDA margin stood at 28.2% in the reporting quarter versus 29.7% in the Q2 of FY24. EBITDA is earnings before interest, tax, depreciation, and amortisation. The CNBC-TV18 poll had predicted a margin of 35.7% for the quarter under review.
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Shares of NMDC Ltd ended at ₹65.98, up by ₹0.030, or 0.045%, on the BSE.
(Edited by : Shoma Bhattacharjee)
