NMDC delivers strong Q3 and 9M Performance in FY24

  Q3 of CY Vs Q3 of PY Growth 9M of CY Vs 9M of PY Growth
2023-24 2022-23 2023-24 2022-23
Production

 (in Mnt)

12.22 10.66 15% 31.78 26.69 19%
Sales (in Mnt) 11.39 9.58 19% 31.94 25.81 24%
Turnover (Rs. in Crores) 5,410 3,720 45% 14,819 11,816 25%
PBT before exceptional exp. (Rs. in Crores) 2,252 1,217 85% 5,859 4,351 35%
PBT after exceptional exp. (Rs. in Crores) 2,000 1,217 64% 5,607 4,351 29%
PAT  (Rs. in Crores) 1,492 890 68% 4,170 3,252 28%
EBITDA  (Rs. in Crores) 2,366 1,331 78% 6,156 4,657 32%

 Hyderabad, 15 February 2024: Yet again India’s largest Iron Ore Producer, NMDC delivered a strong financial and physical performance in Q3 FY24. Surpassing its previous record, the mining major registered 45% and 64% increase in turnover and PBT (after exceptional expenditure) respectively over CPLY in the third quarter.

Setting new benchmarks with its exceptional performance, NMDC recorded its highest ever production and sales volume with 12.22 MT and selling 11.39 MT in the third quarter of FY24, marking a growth of 15% and 19% in production and sales respectively over corresponding period last year.

NMDC’s turnover and PBT (after exceptional expenditure) for Q3 FY24 is Rs. 5,410 crore and Rs.2,000 crore, with an increase of 45% in turnover and 64% in PBT over CPLY. While the Profit After Tax (PAT) for Q3 FY24 increased by 68% to Rs.1,492 crores.