NMDC Net Profit up 30% in Apr-Dec period

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Bhubaneswar: Public sector iron Ore producer NMDC’s turnover in the April-December period has increased by 30% to 4187 Crore. The Profit after tax has also increased by 30% to 2700 Crore over the corresponding period of the last fiscal.

The Company’s production of iron ore for 9 months for the year 2017-18 is 24.23 Million Tonnes (MT) registering an increase of 3% o\/er CPLY While sales of iron ore was 25.54 MT which is marginal decrease of 1% oVer CPLY.

NMDC has posted a turnover of Rs.2469 Cr, representing a marginal decrease of 1% over CPLY. NMDC has recorded PBT of Rs.1377 Cr and PAT of Rs.887 Cr in the 3’d quarter of 2017-18 which is up by around 50% & 49% respectively over CPLY.

The Company’s production of iron ore during the 3° quarter is 8.56 MT registering a decrease of 12% oVer the corresponding CPLY while sales of iron ore was 8.06 MT which is about 20% less than that of the CPLY.

During 6″ October 2017 to 12’h December 2017, there was disruption in Railway Line of Bailadila Sector, resulting in lower despatches during the said period.

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