On a consolidated basis, NMDC's net profit surged 717.15% to Rs 2,835.54 crore on 114.83% jump in revenue from operations to Rs 6,847.57 crore in Q4 March 2021 over Q4 March 2020.
Profit before tax soared 188.41% to Rs 4,264.39 crore in Q4 FY21 as against Rs 1,478.55 crore in Q4 FY20. The Q4 earnings were announced after trading hours yesterday, 22 June 2021.
EBITDA grew 183% to Rs 4,330 crore in Q4 FY21 as against Rs 1,528 crore in Q4 FY20. EBITDA margin improved to 63% during the quarter as compared to 48% during the corresponding quarter, last year.
Iron ore production jumped 30% to 123.08 LT in Q4 FY2020-21 as against 94.74 LT in Q4 FY2019-20. Iron Ore sales rose 29% to 110.91 LT in Q4 March 2021 from 86.19 LT in Q4 March 2020.
Average Domestic Realisation surged 71% to Rs 5,941 per tonne in Q4 March 2021 as compared to Rs 3,473 per tonne in Q4 March 2020. Average Sales Realisation soared 67% to Rs 6,138 per tonne in Q4 FY21 over Rs 3,674 per tonne in Q4 FY20.
During the financial year, NMDC's consolidated net profit climbed 73.46% to Rs 6,247.47 crore on 31.37% increase in revenue from operations to Rs 15,370.06 crore in FY 2021 over FY 2020.
NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As on 31 March 2021, the Government of India held 68.29% stake in the company.
Shares of NMDC fell 0.19% to Rs 185.05 on BSE. The stock hovered in the range of Rs 184.55 to Rs 189.15 so far.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
