Total sales also saw a drop, falling to 3.73 MT from 4.10 MT year-on-year.Also, NMDC has adjusted its pricing of iron ore.
The price of iron ore lumps has been reduced by500, bringing it to5,950 per tonne from the previous6,450 per tonne.Similarly, the price of iron ore fines has been cut by500, now set at5,110 per tonne compared to the earlier5,610 per tonne.
"Kindly note that the prices of Iron Ore w.e.f.
In the corresponding quarter, NMDC posted a net profit of ₹2,271.5 crore.The company's revenue from operations increased 10.9% to ₹6,489.3 crore against ₹5,851.4 crore in the corresponding period of the preceding fiscal.
EBITDA is earnings before interest, tax, depreciation, and amortisation.Shares of NMDC Ltd ended at ₹251.65, up by ₹5.50, or 2.23%, on the BSE.
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State-owned NMDC Ltd on Monday (July 1) released its business update for June, reporting a year-on-year decline in both production and sales.Total production for June 2024 stood at 3.37 million tonnes (MT), down from 3.48 MT in the same period last year. Total sales also saw a drop, falling to 3.73 MT from 4.10 MT year-on-year.Also, NMDC has adjusted its pricing of iron ore. The price of iron ore lumps has been reduced by500, bringing it to5,950 per tonne from the previous6,450 per tonne.Similarly, the price of iron ore fines has been cut by500, now set at5,110 per tonne compared to the earlier5,610 per tonne. "The above FOR prices are inclusive of Royalty, DMF, NMET and exclusive of Cess, Forest Permit Fee, Transit Fee, GST, Environment Cess and other taxes," the company stated."Kindly note that the prices of Iron Ore w.e.f. 30.06.2024 has been fixed as under: i) Lump Ore (65.5%, 10-40mm) @ Rs.5,950/- per ton, ii) Fines (64%,-10mm) @ Rs.5,110/- per ton," NMDC said in a stock exchange filing.NMDC reported a 37.8% year-on-year (YoY) decline in net profit at ₹1,412.7 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, NMDC posted a net profit of ₹2,271.5 crore.The company's revenue from operations increased 10.9% to ₹6,489.3 crore against ₹5,851.4 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA rose 2.8% to ₹2,101.4 crore in the fourth quarter of this fiscal over ₹2,162.4 crore in the corresponding period in the previous fiscal.The EBITDA margin stood at 32.4% in the reporting quarter compared to 37% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.Shares of NMDC Ltd ended at ₹251.65, up by ₹5.50, or 2.23%, on the BSE.
