NMDC Ltd reported 44.86% rise in total sales revenues for the Dec-20 quarter on consolidated basis at Rs4,355.10cr. The largest segment of NMDC, the iron ore mining and manufacturing segment, showed a sharp growth on a yoy basis on the back of robust demand from the steel sector due to the sharp recovery in global demand. The pellets business also grew three-fold but it was on a much smaller base.
For the Dec-20 quarter, NMDC reported 53.32% higher net profits at Rs.2,108.40cr. On a yoy basis, the revenues were up 44% but the operating costs were up by only 11% as fixed cost absorption helped along the way. Hence, the profit growth was robust despite lower other income and sharply higher taxes. That was instrumental in pushing up the net profit margins from 45.74% in the Dec-19 quarter to 48.41% in the Dec-20 quarter.
Financial highlights for Dec-20 compared yoy and sequentially
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NMDC Ltd |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 4,355.10 |
₹ 3,006.38 |
44.86% |
₹ 2,229.89 |
95.31% |
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Net Profit (Rs cr) |
₹ 2,108.40 |
₹ 1,375.18 |
53.32% |
₹ 773.07 |
172.73% |
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Diluted EPS (Rs) |
₹ 7.05 |
₹ 4.55 |
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₹ 2.46 |
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Net Margins |
48.41% |
45.74% |
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34.67% |
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