NMDC’s Iron Ore Output dips by 9% in FY19

0 12,489

NewDelhi : Public sector miner NMDC’s annual Iron Ore output dropped by 9% to 32.36 million tonnes in the recently concluded 2018-19 financial year. In 2017-18 NMDC had produced 35.58 million tonnes of Iron Ore.

 The miner has sold 32.36 million tonnes of iron ore during 2018-19 against sales of 36.08 million tonnes during previous year.

The Company’s turnover for the year 2018-19 is Rs. 12,153 crore against Rs. 11,615 crore during 2017-18, registering a growth of 5%.

NMDC’s Profit Before Tax (PBT) for the year 2018-19 is Rs. 7,198 crore against Rs. 6,179 crore during 2017-18, registering an impressive growth of 17 %. Similarly, Profit After Tax (PAT) for the year 2018-19 is Rs. 4,642 crore against Rs. 3,806 crore during 2017-18, registering a record growth of 22 %.

NMDC’s turnover during the 4th quarter is Rs 3,643 Crore comparable with turnover at Rs 3,883 Cr of CPLY. NMDC has recorded Profit Before Tax (PBT) of Rs 2,197 Crore and Profit After Tax (PAT) of Rs 1,454 Cr which are higher by around 10% & 31% respectively over 4th quarter of CPLY.

The Company’s production of iron ore during the 4th quarter is 10.59 million tonnes (MT) registering a decrease of 7% over CPLY while sales of iron ore was
10.17 MT which is about 3% less than that of the CPLY.

Leave A Reply

Your email address will not be published.