NMDC Q3 Standalone PAT Up 49%
Steel Insights|March 2018

NMDC reported a 48.90 percent increase in standalone profit after tax (PAT) at ₹886.53 crore for the quarter ended December 2017 as compared to ₹595.16 crore in the corresponding period last year, the company said in a BSE filing.

NMDC Q3 Standalone PAT Up 49%

The standalone revenue from operations declined marginally to ₹2,469.03 crore as compared to ₹2,497.86 from the year ago period.

The company’s iron ore production during Q3 stood at 8.56 million ton (mt) decreasing by 12 percent and sales stood at 8.06 mt decreasing by 20 percent as compared to the corresponding period last year.

The company’s turnover for the nine months ended December 31, 2017 was up 30 percent at ₹7,732 crore against ₹5,958 crore in the corresponding period last year. Profit for nine months was up 30 percent at ₹2,700 crore against ₹2,077 crore in the same period last year.

Iron ore production for nine months rose 3 percent to 24.23 mt against 23.63 mt and sales stood at 25.54 mt, registering a decrease of over 1 percent.

NMDC records 27.87 mt iron ore output in Apr-Jan

Meanwhile, NMDC Ltd has recorded 27.87 million tons of iron ore production and sales volume of 28.89 million tons as on AprilJanuary, 2017-18, the company said in a BSE filing.

Denne historien er fra March 2018-utgaven av Steel Insights.

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Denne historien er fra March 2018-utgaven av Steel Insights.

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