NMDC lost 2.94% to Rs 127.30 at 10:44 IST on BSE after net profit fell 31.3% to Rs 1347.09 crore on 20.3% decline in total income to Rs 3554.77 crore in Q4 March 2015 over Q4 March 2014.
The result was announced after trading hours yesterday, 28 May 2015.
Meanwhile, the S&P BSE Sensex was up 256.78 points or 0.93% at 27,763.49
On BSE, so far 57,399 shares were traded in the counter as against average daily volume of 2.35 lakh shares in the past one quarter.
The stock hit a high of Rs 129.60 and a low of Rs 126.15 so far during the day. The stock had hit a 52-week high of Rs 196.15 on 6 June 2014. The stock had hit a 52-week low of Rs 123 on 26 March 2015.
The large-cap company has an equity capital of Rs 396.47 crore. Face value per share is Re 1.
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NMDC's iron ore production fell to 7.94 MT in Q4 March 2015 as against 9.96 MT in Q4 March 2014.
NMDC said iron ore production rose 1% to a record 30.44 MT for the year ended 31 March 2015 over the year ended 31 March 2014. Even though the international and domestic prices have come down in the year ended 31 March 2015, NMDC with its efforts had once again achieved the 30 million ton mark.
NMDC Chairman Narendra Kothari said NMDC during the year ended 31 March 2015 inspite of low demand of steel could maintain its production and sales levels at above 30 MT mainly due to sustained and collaborative efforts of all disciplines.
The Government of India (GoI) held 80% stake in NMDC (as per the shareholding pattern as on 31 March 2015).
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