NMDC PBT drops by 33% to Rs 1,482 cr in Q4, PAT dips 76% to Rs 351 cr

The company's production of iron ore during the fourth quarter was 9.47 million tonnes (MT) as against 10.5 MT in the corresponding period of the previous year, registering a decrease of 11 per cent

Mining major NMDC's profit before tax (PBT) dropped by 33 per cent to Rs 1,482 crore during the fourth quarter ended March 31, 2020, from Rs 2,197 crore, a year ago. Profit after tax (PAT) dropped by 76 per cent to Rs 351 crore from Rs 1,454 crore, compared to the same period last year.

NMDC’s turnover during the fourth quarter was Rs 3,187 crore compared to a turnover of Rs 3,643 crore in the corresponding period last year, a drop of 13 per cent.