NMDC Ltd reported a flat -0.53% drop in the Sep-20 quarter consolidated top line sales revenues at Rs2,289.89cr. The company is leading miner of pig iron in India and since most of the demand is already pre-booked, the impact in the COVID quarter was not too high.
For the Sep-20 quarter, the operating profits were up marginally by 1.50% at Rs975.21cr. This was on the back of lower other income as well as other a cost advantage in terms of raw material costs, finance costs and other expenses. This led to a marginal improvement in the operating margins from 42.86% in Sep-19 quarter to 43.73% in Sep-20 quarter.
Profit after tax (PAT) for the Sep-20 quarter was 10.18% higher at Rs773.03cr. Apart from the operating cost advantage, the tax liability of the company in the latest quarter was also lower. In fact, NMDC had paid 30% higher taxes in the Sep-19 quarter leading to the improvement in net profits growth. As a result, the net margins for the quarter improved sharply to 34.67% from 31.3% last year in the Sep-19 quarter.
Financial highlights for Sep-20 compared yoy and sequentially
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NMDC Ltd |
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|
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|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
2,229.89 |
2,241.76 |
-0.53% |
1,937.50 |
15.09% |
|
Operating Profit |
975.21 |
960.81 |
1.50% |
696.00 |
40.12% |
|
Profit After Tax (PAT) |
773.07 |
701.65 |
10.18% |
531.78 |
45.37% |
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|
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Diluted EPS (Rs) |
₹ 2.46 |
₹ 2.26 |
|
₹ 1.73 |
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Operating Margins |
43.73% |
42.86% |
|
35.92% |
|
|
PAT Margins |
34.67% |
31.30% |
|
27.45% |
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