Hyderabad : Public sector Iron ore producer NMDC has reported 9% YoY growth in iron ore production at 11.35 million tonnes in the 4th Quarter. The compnay’s sales of iron ore was 10.54 MT which is about 8% more than that of the corresponding period last year(CPLY).
NMDC’s turnover during the 4th quarter is Rs.3,883 Cr, representing an increase of 35% in turnover of CPLY. NMDC has recorded profit before tax (PST) of Rs.1,992 Cr and profit after tax (PAT) of Rs.1, 106 Cr which is up by around 61 % & 116% respectively over 4th quarter of CPL Y.
NMDC for the year 2017-18 has registered a growth of 5% in production and 1% in sales of iron ore over the corresponding period last year (2016-17). NMDC has produced 35.58 million tonnes and sold 36.07 million tonnes of iron ore during 2017-18 against production of 34.01 million tonnes and sales of 35.62 million tonnes in corresponding period last year.
NMDC has posted a turnover of Rs.11,615 Cr, representing an increase of 32% in turnover of CPL Y. NMDC has recorded profit before tax (PST) of Rs.6, 179 Cr and profit after tax (PAT) of Rs.3,806 Cr in which is up by around 44% & 47% respectively over CPL Y.
The 4th quarter results for 2017-18 were approved by the Board of Directors of the Company under the Chairmanship of Shri N. Baijendra Kumar, IAS in its meeting held on 28.05.2018.