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NMDC Ltd Q1FY24; 14% rise in Profits

NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.

Financial Results:

NMDC Ltd reported Revenues for Q1FY24 of ₹5,395.00 Crores up from ₹4,767.00 Crore year on year, a rise of 13.17%.

Total Expenses for Q1FY24 of ₹3,476.00 Crores up from ₹2,969.00 Crores year on year, a rise of 17.08%.

Consolidated Net Profit of ₹1,653.00 Crores up 14.39% from ₹1,445.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.64, up 14.40% from ₹4.93 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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