|
Net
sales (including other operating income) of NMDC has increased 22.54% to Rs
4918.91 crore. Sales of Iron Ore segment
has gone up 18.82% to Rs 4,749.04 crore (accounting for 95.98% of total
sales). Sales of Other Minerals &
Services segment has gone up 327.63% to Rs 199.06 crore (accounting for 4.02%
of total sales). Inter-segment sales
came down from Rs 29.24 crore to Rs 29.19 crore.
Profit
before interest, tax and other unallocable items (PBIT) has jumped 15.46% to Rs
1,454.56 crore. PBIT of Iron Ore segment
rose 23.32% to Rs 1,595.88 crore (accounting for 109.72% of total PBIT). PBIT of Other Minerals & Services segment
fell 312.13% to Rs -141.32 crore (accounting for -9.72% of total PBIT).
PBIT
margin of Iron Ore segment rose from 32.38% to 33.60%. PBIT margin of Other Minerals & Services
segment rose from negative 73.66% to negative 70.99%. Overall PBIT margin fell from 31.16% to
29.40%.
Operating
profit margin has declined from 29.66% to 28.17%, leading to 16.40% rise in
operating profit to Rs 1,385.65 crore.
Raw material cost as a % of total sales (net of stock adjustments)
decreased from 0.10% to 0.08%. Employee
cost decreased from 10.53% to 9.46%.
Other expenses rose from 57.45% to 59.18%. Selling and administration expenses rose
from 42.06% to 42.81%. Stores consumed
for sales rose from 3.12% to 4.13%.
Other
income rose 12.38% to Rs 360.77 crore.
PBIDT rose 15.54% to Rs 1746.42 crore.
Provision for interest rose 56.40% to Rs 29.09 crore. Loan funds rose to Rs 4,157.73 crore as of 30
September 2024 from Rs 3,536.68 crore as of 30 September 2023. Inventories declined from Rs 2,363.46 crore
as of 30 September 2023 to Rs 2,329.70 crore as of 30 September 2024. Sundry debtors were higher at Rs 4,550.30
crore as of 30 September 2024 compared to Rs 2,064.02 crore as of 30 September
2023. Cash and bank balance rose to Rs
14,260.03 crore as of 30 September 2024 from Rs 13,919.10 crore as of 30
September 2023. Investments rose to Rs
963.76 crore as of 30 September 2024 from Rs 949.46 crore as of 30 September
2023 .
PBDT
rose 15.04% to Rs 1717.33 crore.
Provision for depreciation rose 16.13% to Rs 103.12 crore. Fixed assets increased to Rs 8,722.29 crore
as of 30 September 2024 from Rs 5,623.55 crore as of 30 September 2023. Intangible assets stood at Rs 93.89 crore.
Profit
before tax grew 14.97% to Rs 1,614.21 crore.
Share of profit/loss was 755.75% higher at Rs 9.67 crore. Provision for tax was expense of Rs 418.39
crore, compared to Rs 379 crore.
Effective tax rate was 25.76% compared to 26.97%.
Minority
interest decreased 2,408% to Rs -6.27 crore.
Net profit attributable to owners of the company increased 18.05% to Rs
1,211.76 crore.
Equity
capital stood at Rs 293.07 crore as of 30 September 2024 to Rs 293.07 crore as
of 30 September 2023. Per share face
Value remained same at Rs 1.00.
Promoters’
stake was 60.79% as of 30 September 2024 ,compared to 60.79% as of 30 September
2023 .
For year-to-date (YTD)
results analysis
Net
sales (including other operating income) of NMDC has increased 9.83% to Rs
10333.1 crore. Sales of Iron Ore segment
has gone up 8.28% to Rs 10,121.66 crore (accounting for 97.39% of total
sales). Sales of Other Minerals &
Services segment has gone up 130.57% to Rs 270.92 crore (accounting for 2.61%
of total sales). Inter-segment sales rose
Rs 56.51 crore to Rs 59.48 crore.
Profit
before interest, tax and other unallocable items (PBIT) has jumped 16.71% to Rs
3,885.50 crore. PBIT of Iron Ore segment
rose 20.12% to Rs 4,083.86 crore (accounting for 105.11% of total PBIT). PBIT of Other Minerals & Services segment
fell 180.13% to Rs -198.36 crore (accounting for -5.11% of total PBIT).
PBIT
margin of Iron Ore segment rose from 36.37% to 40.35%. PBIT margin of Other Minerals & Services
segment fell from negative 60.26% to negative 73.22%. Overall PBIT margin rose from 35.17% to
37.39%.
Operating
profit margin has jumped from 33.84% to 36.05%, leading to 17.01% rise in
operating profit to Rs 3,725.55 crore.
Raw material cost as a % of total sales (net of stock adjustments)
increased from 0.07% to 0.08%. Employee
cost decreased from 8.37% to 8.17%.
Other expenses fell from 56.36% to 54.06%. Selling and administration expenses fell
from 43.92% to 40.68%. Stores consumed
for sales rose from 2.73% to 3.30%.
Other
income rose 17.94% to Rs 725.65 crore.
PBIDT rose 17.16% to Rs 4451.2 crore.
Provision for interest rose 110.49% to Rs 52.18 crore. Loan funds rose to Rs 4,157.73 crore as of 30
September 2024 from Rs 3,536.68 crore as of 30 September 2023. Inventories declined from Rs 2,363.46 crore
as of 30 September 2023 to Rs 2,329.70 crore as of 30 September 2024. Sundry debtors were higher at Rs 4,550.30
crore as of 30 September 2024 compared to Rs 2,064.02 crore as of 30 September
2023. Cash and bank balance rose to Rs
14,260.03 crore as of 30 September 2024 from Rs 13,919.10 crore as of 30
September 2023. Investments rose to Rs
963.76 crore as of 30 September 2024 from Rs 949.46 crore as of 30 September
2023 .
PBDT
rose 16.55% to Rs 4399.02 crore. Provision
for depreciation rose 11.92% to Rs 176.86 crore. Fixed assets increased to Rs 8,722.29 crore
as of 30 September 2024 from Rs 5,623.55 crore as of 30 September 2023. Intangible assets stood at Rs 93.89
crore.
Profit
before tax grew 16.75% to Rs 4,222.16 crore.
Provision for tax was expense of Rs 1062.77 crore, compared to Rs 930.12
crore. Effective tax rate was 25.08%
compared to 25.77%.
Net
profit attributable to owners of the company increased 18.81% to Rs 3,182.75
crore.
Equity
capital stood at Rs 293.07 crore as of 30 September 2024 to Rs 293.07 crore as
of 30 September 2023. Per share face
Value remained same at Rs 1.00.
Promoters’
stake was 60.79% as of 30 September 2024 ,compared to 60.79% as of 30 September
2023 .
Cash
flow from operating activities decreased to Rs 1,958.80 crore for YTD ended
September 2024 from Rs 4,895.12 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets
during the YTD ended September 2024 stood at Rs 1,915.51 crore, compared to Rs
762.15 crore during the YTD ended September 2023.
The stock
trades at Rs 228
|
NMDC : Consolidated Results
|
|
Particulars
|
2409 (03)
|
2309 (03)
|
Var.(%)
|
2409 (06)
|
2309 (06)
|
Var.(%)
|
2403 (12)
|
2303 (12)
|
Var.(%)
|
|
Net Sales (including other operating income)
|
4,918.91
|
4,013.98
|
23
|
10,333.10
|
9,408.64
|
10
|
21,307.85
|
17,666.88
|
21
|
|
OPM (%)
|
28.2
|
29.7
|
|
36.1
|
33.8
|
|
34.2
|
34.3
|
|
|
OP
|
1,385.65
|
1,190.43
|
16
|
3,725.55
|
3,183.95
|
17
|
7,292.83
|
6,052.53
|
20
|
|
Other Inc.
|
360.77
|
321.04
|
12
|
725.65
|
615.25
|
18
|
1,370.88
|
768.22
|
78
|
|
PBIDT
|
1,746.42
|
1,511.47
|
16
|
4,451.20
|
3,799.20
|
17
|
8,663.71
|
6,820.75
|
27
|
|
Interest
|
29.09
|
18.6
|
56
|
52.18
|
24.79
|
110
|
78.24
|
75.23
|
4
|
|
PBDT
|
1,717.33
|
1,492.87
|
15
|
4,399.02
|
3,774.41
|
17
|
8,585.47
|
6,745.52
|
27
|
|
Depreciation
|
103.12
|
88.8
|
16
|
176.86
|
158.02
|
12
|
350.66
|
336.18
|
4
|
|
PBT
|
1,614.21
|
1,404.07
|
15
|
4222.16
|
3616.39
|
17
|
8234.81
|
6409.34
|
28
|
|
Share of Profit/(Loss) from Associates
|
9.67
|
1.13
|
756
|
15.34
|
-6.53
|
LP
|
-0.38
|
64.84
|
PL
|
|
PBT before EO
|
1623.88
|
1405.2
|
16
|
4237.5
|
3609.86
|
17
|
8234.43
|
6474.18
|
27
|
|
EO Income
|
0
|
0
|
-
|
0
|
0
|
-
|
-282.15
|
1237.27
|
PL
|
|
PBT after EO
|
1623.88
|
1405.2
|
16
|
4237.5
|
3609.86
|
17
|
7952.28
|
7711.45
|
3
|
|
Taxation
|
418.39
|
379
|
10
|
1062.77
|
930.12
|
14
|
2380.42
|
2108.21
|
13
|
|
PAT
|
1205.49
|
1026.2
|
17
|
3174.73
|
2679.74
|
18
|
5571.86
|
5603.24
|
-1
|
|
Minority Interest (MI)
|
-6.27
|
-0.25
|
|
-8.02
|
0.91
|
LP
|
-4.19
|
1.1
|
LP
|
|
Net profit
|
1211.76
|
1026.45
|
18
|
3182.75
|
2678.83
|
19
|
5576.05
|
5602.14
|
0
|
|
EPS (Rs)*
|
#
|
#
|
|
#
|
#
|
|
19.7
|
16.06
|
|
|
Notes
|
|
* EPS is on current equity of Rs 293.06 crore, Face value of Rs
1, Excluding extraordinary items.
|
|
# EPS is not annualised
|
|
bps : Basis points
|
|
EO : Extraordinary items
|
|
Figures in Rs crore
|
|
Source: Capitaline Corporate Database
|
|
NMDC : Consolidated Segment
Results
|
|
|
% of (Total)
|
2409 (03)
|
2309 (03)
|
Var.(%)
|
% of (Total)
|
2409 (06)
|
2309 (06)
|
Var.(%)
|
% of (Total)
|
2403 (12)
|
2303 (12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
Iron Ore
|
96
|
4,749.04
|
3,996.67
|
19
|
97
|
10,121.66
|
9,347.65
|
8
|
99
|
21,180.58
|
17,459.83
|
21
|
|
Other Minerals & Services
|
4
|
199.06
|
46.55
|
328
|
3
|
270.92
|
117.5
|
131
|
1
|
258.38
|
207.05
|
25
|
|
Total Reported Sales
|
100
|
4,948.10
|
4,043.22
|
22
|
100
|
10,392.58
|
9,465.15
|
10
|
100
|
21,438.96
|
17,666.88
|
21
|
|
Less: Inter segment revenues
|
|
29.19
|
29.24
|
0
|
|
59.48
|
56.51
|
5
|
|
131.11
|
0
|
-
|
|
Net Sales
|
|
4,918.91
|
4,013.98
|
23
|
|
10,333.10
|
9,408.64
|
10
|
|
21,307.85
|
17,666.88
|
21
|
|
PBIT
|
|
|
|
|
|
Iron Ore
|
110
|
1,595.88
|
1,294.05
|
23
|
105
|
4,083.86
|
3,399.90
|
20
|
103
|
7,756.87
|
7,593.00
|
2
|
|
Other Minerals & Services
|
-10
|
-141.32
|
-34.29
|
-312
|
-5
|
-198.36
|
-70.81
|
-180
|
-3
|
-203.89
|
-154.08
|
-32
|
|
Total PBIT
|
100
|
1,454.56
|
1,259.76
|
15
|
100
|
3,885.50
|
3,329.09
|
17
|
100
|
7,552.98
|
7,438.92
|
2
|
|
Less : Interest
|
|
29.09
|
18.59
|
56
|
|
52.18
|
24.78
|
111
|
|
78.24
|
75.23
|
4
|
|
Add: Other un-allcoable
|
|
188.49
|
162.62
|
16
|
|
388.29
|
311.58
|
25
|
|
476.6
|
282.01
|
69
|
|
PBT
|
|
1,613.96
|
1,403.79
|
15
|
|
4,221.61
|
3,615.89
|
17
|
|
7,951.34
|
7,645.70
|
4
|
|