NMDC shares in focus after iron ore production rises 5.1% in December
NMDC, India's largest iron ore miner, is in the spotlight after reporting a 5.1% year-on-year (YoY) increase in iron ore production for December 2024, reaching 4.71 million tonnes (MT) compared to 4.48 MT in the same month last year.
However, the company's iron ore sales declined by 6.7% YoY to 3.91 MT, down from 4.19 MT in December 2023.
Also Read: A 10% decline and yet India’s more expensive than EM peers
In Q2 FY25, NMDC reported an 18.1% YoY increase in net profit at Rs 1,211.6 crore. In the corresponding quarter of the previous fiscal, NMDC posted a net profit of Rs 1,026 crore. The company's revenue from operations surged 22.5% to Rs 4,919 crore against Rs 4,014 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA was up 16.4% to Rs 1,385.7 crore in the second quarter of this fiscal over Rs 1,191 crore in the year-ago period. The EBITDA margin stood at 28.2% in the reporting quarter versus 29.7% in the Q2 of FY24.
Stock Trading
Masterclass on Value Investing and Company Valuation
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik
