Shri Sumit Deb, CMD, NMDC expressed satisfaction at the overall results and said, “We have realigned our strategy to focus on optimum utilization of resources. The various steps undertaken to reduce costs, improve output and maximize profitability have led us to bounce back after initial set back in Q1 due to COVID-19 pandemic and set new records in this quarter. We are positive that we will continue to excel
Hyderabad, February 09,
2021 ////// : NMDC, the country's largest Iron Ore producing Navratna
Company delivered another strong operating and financial performance in this
quarter.
NMDC’s turnover during
the 3rd quarter of 2020-21 is Rs.4,355 crore as against the
turnover of Rs.3,006 crore of the CPLY which is 45% more than CPLY. The
turnover in this quarter is the best ever for any quarter for NMDC since
inception. NMDC’s Profit Before Tax (PBT) for the Q3 of 2020-21 is Rs.2,811
crore against Rs.1,647 crore during Q3 of 2019-20 by 71% over CPLY. The Profit
After Tax (PAT) for Q3 of 2020-21 increased by 53% to Rs.2,109 crores against
Rs. 1,376 crore during Q3 of 2019-20.
NMDC produced 9.60
million tonnes (MT) and sold 9.28 million tonnes (MT) of iron ore in the third
quarter of FY21. Despite COVID induced adversities, iron ore production and
sales figures for the nine months of the financial year 2020-21 are at par with
nine months of the previous financial year.
Performance of the current Quarter with Q3 of previous year and Q2
of current year, with the numbers of current year V/s previous year (nine
months ended) are:
|
Particulars |
Q3 of CY V/s Q3 of PY |
Q3 of CY V/s Q2 of CY |
Current Year V/s Previous Year (Nine months ended) |
|||
|
Production (MT) Sales (MT) Turnover (Rs. In
Crore) PBT (Rs. In Crore) PAT (Rs. In Crore) EBIDTA (Rs. In Crore) |
9.60 9.28 4,355 2,811 2,109 2,873 |
8.58 8.41 3,006 1,647 1,376 1,721 |
9.60 9.28 4,355 2,811 2,109 2,873 |
5.64 6.60 2,230 1,063 774 1,119 |
21.84 22.16 8,522 4,635 3,415 4,819 |
22.01 22.90 8,512 4,641 3,259 4,899 |




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