NMDC Financial Performance

Hyderabad: NMDC Financial Performance for 9 months:

 

 

NMDC’s turnover up to 9 months for the year 2017-18 is Rs.7732 Cr, Profit Before Tax (PBT) of Rs.4187 Cr and Profit After Tax (PAT) of Rs.2700 Cr representing an increase of 30% in turnover, 37% in PBT and 30% in PAT respectively over the corresponding period last year (CPLY).

 

The Company’s production of iron ore for 9 months for the year 2017-18 is 24.23 Million Tonnes (MT) registering an increase of 3% over CPLY while sales of iron ore was 25.54 MT which is the marginal decrease of 1% over CPLY. 

 

NMDC has posted a turnover of Rs.2469 Cr, representing a marginal decrease of 1% over CPLY. NMDC has recorded PBT of Rs.1377 Cr and PAT of Rs.887 Cr in the 3rd quarter of 2017-18 which is up by around 50% & 49% respectively over CPLY.

 

The Company’s production of iron ore during the 3rd quarter is 8.56 MT registering a decrease of 12% over the corresponding CPLY while sales of iron ore was 8.06 MT which is about 20% less than that of the CPLY.

 

The 3rd quarter results for 2017-18 were approved by the Board of Directors of the Company under the Chairmanship of Shri N. Baijendra Kumar, IAS in its meeting held on 13.02.2018.

 

During 6th October 2017 to 12th December 2017, there was the disruption in Railway Line of Bailadila Sector, resulting in lower despatches during the said period.

 

'Your faith on NMDC is visible during its Offer for Sale which is subscribed by almost 600% which itself is a big achievement, for which NMDC is grateful to all its stakeholders,' said Shri N. Baijendra Kumar, IAS.