NMDC's Spectacular Financial Performance for The Quarter Ending 31th Jan 2018 PERFORMANCE

NMDC Spectacular Financial Performance for The Quarter Ending 31th Jan 2018

 

Hyderabad: NMDC has registered once again an impressive performance for the 3rd quarter (2018-19). NMDC’s turnover for the third quarter 2018-19 is Rs.3,649 crore, against Rs.2,469 crore, in 
2017-18 (Q3) registering growth of 48%. Profit Before Tax (PBT) is Rs.2,211 crore against Rs.1,377 crore in 2017-18 (Q3) registering growth of 61%. Profit After Tax (PAT) is Rs.1,577 crore against Rs.887 crore in 2017-18 (Q3) registering growth of 78%.
 
The Company’s production of iron ore for the third quarter 2018-19 is 9.54 Million Tonnes (MT) and sales of iron ore is 8.70 MT.
 
Recently, NMDC Board has approved buyback of 10,20,40,815 equity shares of Re.1/- each 
@ Rs.98 per share for an aggregate consideration not exceeding Rs.1,000 crore. The company has already initiated the process of a buyback.
 
The 3rd quarter results for 2018-19 were approved by the Board of Directors of the Company under the Chairmanship of Shri N. Baijendra Kumar, IAS in its meeting held on 31.01.2019.
 
Congratulating all the employees and Board Members, Shri Kumar said NMDC could achieve these encouraging results in spite of challenges faced by the company at Donimalai Sector in Karnataka and evacuation challenge at Bailadila Sector in Chhattisgarh. These inspired efforts of team NMDC would help in overcoming the adverse conditions and ensure that the company would certainly exceed the targets in future also.
 


Posted Date :  01-02-19

Categories : PERFORMANCE

Similar news

Regional Round DBF andHydro of Medha Pratiyogita Held at Dadri

New Delhi. To inculcate the habit of learning and quizzing ,NTPC organizes  Medha Pratiyogita i.e. quiz competition for its employees and School Children all across its Regional Headquarters and Stations .   The regional round of Medha Pratiyogita (DBF &Hydro Region) was organized by DB
Posted Date :  19-08-19

Read more

Coal India net profit rises 22.28 percent to Rs 4629.87 cr

KOLKATA. Despite flat sales volume, higher prices drove the Coal India's sales revenue to rise by 3.64 per cent to Rs 23,223 crore Higher despatches to the non-power sector coupled with an increase in washed coal prices helped Coal India post a 22.28 per cent rise in its net profit for the qu
Posted Date :  14-08-19

Read more

SAIL Iron-ore Mines clock over 15 per-cent Production Growth

New Delhi: The iron ore mines of Raw Materials Division (RMD) of Steel Authority of India Limited (SAIL) produced and despatched 18.27 lakh Tonne and 18.86 Lakh Tonne of iron ore respectively clocking the growth of 15.2% and 11.7% over CPLY in July. In the month RMD mines hit a set of records. In
Posted Date :  02-08-19

Read more

BEL Registers a Turnover of Rs. 2042 Cr. in 1st Quarter

Bangalore: Electronics Limited (BEL) has achieved a Turnover of Rs. 2041.98 Crore, during the 1st quarter of FY 2019-20 over the Turnover of Rs. 2077.84 Cr recorded in the corresponding period of the previous year.   Profit Before Tax (PBT) during 1st quarter of FY 2019-20 stood at Rs. 2
Posted Date :  29-07-19

Read more

PDIL Declares its Financial Results for FY 2018-19

Noida: Projects & Development India Limited (PDIL), a Mini Ratna Category-I PSU under Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India, adopted its Audited Accounts for FY 2018-19 in the Board Meeting held on 22.06.2019.  During FY2018-19, PDIL achieved hig
Posted Date :  01-07-19

Read more

IOT Achieves Near-double Profits

Mumbai: Indian Oiltanking limited (IOT), a joint venture of Indian Oil Corporation, continues its profitable streak for a second consecutive year as it records a near-double Total Comprehensive income of nearly 157 Crore in its approved audited financials for FY 2019. The double-digit percentage
Posted Date :  06-06-19

Read more

NALCO s Net Profit for 2018-19 up by 29 Percent

Bhubaneswar: Continuing its soaring performance, National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Government of India, has once again proved its mettle by registering high in terms of both physical and financial performances.   According to the audited
Posted Date :  31-05-19

Read more

NBCC Reports 15.14 percent Rise in Profit for FY 2018-19

New Delhi: NBCC (India) Ltd., the State-owned Navratna CPSE under the Ministry of Housing and Urban Affairs, has announced its Audited Finance Results for the quarter and financial year ended March 31, 2019.   For the financial year ended March 31, 2019, the company has reporte
Posted Date :  30-05-19

Read more

POWERGRID s PAT Crossed 10000 Crore in FY - 2018 -19

New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company under Ministry of Power, Government of India and the ‘Central Transmission Utility (CTU)’ of the country, crossed Rs. 10,000 Crore profit for the first time as it posted a Profit After Tax of Rs. 10,034 C
Posted Date :  30-05-19

Read more

BEL Achieves Rs. 11789.22 Cr turnover in FY 2018-19

Bangalore: Navratna Defence PSU Bharat Electronics Limited (BEL) achieved a turnover of Rs.11789.22 Crore (audited) for the ended F.Y. 2018-19 registering a growth of 16.90% over the turnover of Rs.10084.84 Crore achieved in the previous year.   The profit after tax (PAT) for the year en
Posted Date :  30-05-19

Read more