Profit
before interest, tax and other unallocable items (PBIT) has slumped 29.67% to
Rs 2,369.60 crore.
PBIT of Iron Ore
segment fell 27.75% to Rs 2,469.51 crore (accounting for 104.22% of total
PBIT). PBIT of Other Minerals &
Services segment fell 105.11% to Rs -99.91 crore (accounting for -4.22% of
total PBIT).
PBIT
margin of Iron Ore segment fell from 58.99% to 38.42%.
PBIT margin of Other Minerals & Services
segment fell from negative 85.86% to negative 160.96%. Overall PBIT margin fell from 57.58% to
36.52%.
Operating
profit margin has declined from 36.95% to 32.39%, leading to 2.80% decline in
operating profit to Rs 2,101.71 crore.
Raw material cost as a % of total sales (net of stock adjustments)
increased from 0.07% to 0.12%. Employee
cost decreased from 7.31% to 6.83%.
Other expenses rose from 58.16% to 62.45%. Selling and administration expenses rose
from 43.36% to 46.16%. Stores consumed
for sales rose from 2.89% to 4.14%.
PBIDT
rose 17.05% to Rs 2520.77 crore.
Provision for interest rose 81.82% to Rs 21.4 crore.
PBDT
rose 16.70% to Rs 2499.37 crore.
Provision for depreciation rose 18.47% to Rs 110.64 crore. Fixed assets increased to Rs 6,517.38 crore
as of 31 March 2024 from Rs 5,102.72 crore as of 31 March 2023. Intangible assets stood at Rs 93.89
crore.
Profit
before tax grew 16.62% to Rs 2,388.73 crore.
Share of profit/loss was 8.96% lower at Rs -5.84 crore. Provision for tax was expense of Rs 943
crore, compared to Rs 1008.48 crore.
Effective tax rate was 40.08% compared to 30.74%.
Net
profit attributable to owners of the company decreased 37.80% to Rs 1,412.93
crore.
Equity
capital stood at Rs 293.07 crore as of 31 March 2024 to Rs 293.07 crore as of
31 March 2023. Per share face Value
remained same at Rs 1.00.
Promoters’
stake was 60.79% as of 31 March 2024 compared to 60.79% as of 31 March 2023
.
Full year results
analysis
Net
sales (including other operating income) of NMDC has increased 20.61% to Rs
21307.85 crore.
Sales of Iron Ore
segment has gone up 20.56% to Rs 21,049.47 crore (accounting for 98.79% of
total sales). Sales of Peliet,Other
Minerals & Services segment has gone up 24.79% to Rs 258.38 crore
(accounting for 1.21% of total sales).
Profit
before interest, tax and other unallocable items (PBIT) has jumped 1.53% to Rs
7,552.98 crore.
PBIT of Iron Ore segment
rose 2.16% to Rs 7,756.87 crore (accounting for 102.70% of total PBIT). PBIT of Peliet,Other Minerals & Services
segment fell 32.33% to Rs -203.89 crore (accounting for -2.70% of total
PBIT).
PBIT
margin of Iron Ore segment fell from 43.49% to 36.85%.
PBIT margin of Peliet,Other Minerals &
Services segment fell from negative 74.42% to negative 78.91%. Overall PBIT margin fell from 42.11% to
35.45%.
Operating
profit margin has declined from 34.26% to 34.23%, leading to 20.49% rise in
operating profit to Rs 7,292.83 crore.
Raw material cost as a % of total sales (net of stock adjustments)
decreased from 0.39% to 0.10%. Employee
cost decreased from 8.43% to 7.60%.
Other expenses rose from 57.86% to 58.23%. Selling and administration expenses rose
from 43.98% to 44.64%. Stores consumed
for sales fell from 3.06% to 3.05%.
Other
income rose 78.45% to Rs 1370.88 crore.
PBIDT rose 27.02% to Rs 8663.71 crore.
Provision for interest rose 4% to Rs 78.24 crore. Loan funds rose to Rs 3,358.78 crore as of 31
March 2024 from Rs 2,127.87 crore as of 31 March 2023. Inventories rose to Rs 2,766.95 crore as of
31 March 2024 from Rs 2,660.58 crore as of 31 March 2023. Sundry debtors were lower at Rs 3,508.93
crore as of 31 March 2024 compared to Rs 4,361.23 crore as of 31 March
2023. Cash and bank balance rose to Rs
12,363.65 crore as of 31 March 2024 from Rs 7,097.75 crore as of 31 March
2023. Investments rose to Rs 956.06
crore as of 31 March 2024 from Rs 940.43 crore as of 31 March 2023 .
PBDT
rose 27.28% to Rs 8585.47 crore.
Provision for depreciation rose 4.31% to Rs 350.66 crore. Fixed assets increased to Rs 6,517.38 crore
as of 31 March 2024 from Rs 5,102.72 crore as of 31 March 2023. Intangible assets stood at Rs 93.89
crore.
Profit
before tax grew 28.48% to Rs 8,234.81 crore.
Provision for tax was expense of Rs 2380.42 crore, compared to Rs
2108.21 crore. Effective tax rate was
29.93% compared to 27.34%.
Net
profit attributable to owners of the company decreased 0.47% to Rs 5,576.05
crore.
Equity
capital stood at Rs 293.07 crore as of 31 March 2024 to Rs 293.07 crore as of
31 March 2023.
Per share face Value
remained same at Rs 1.00.
Promoters’
stake was 60.79% as of 31 March 2024 compared to 60.79% as of 31 March 2023.
The stock
trades at Rs 259
|
NMDC : Consolidated Results
|
|
Particulars
|
2403 (03)
|
2303 (03)
|
Var.(%)
|
2403 (12)
|
2303 (12)
|
Var.(%)
|
|
Net Sales
|
6,489.31
|
5,851.37
|
11
|
21,307.85
|
17,666.88
|
21
|
|
OPM (%)
|
32.4
|
37.0
|
|
34.2
|
34.3
|
|
|
OP
|
2,101.71
|
2,162.35
|
-3
|
7,292.83
|
6,052.53
|
20
|
|
Other Inc.
|
419.06
|
-8.85
|
LP
|
1,370.88
|
768.22
|
78
|
|
PBIDT
|
2,520.77
|
2,153.50
|
17
|
8,663.71
|
6,820.75
|
27
|
|
Interest
|
21.4
|
11.77
|
82
|
78.24
|
75.23
|
4
|
|
PBDT
|
2,499.37
|
2,141.73
|
17
|
8,585.47
|
6,745.52
|
27
|
|
Depreciation
|
110.64
|
93.39
|
18
|
350.66
|
336.18
|
4
|
|
PBT
|
2,388.73
|
2,048.34
|
17
|
8234.81
|
6409.34
|
28
|
|
Share of Profit/(Loss) from Associates
|
-5.84
|
-5.36
|
-9
|
-0.38
|
64.84
|
PL
|
|
PBT before EO
|
2382.89
|
2042.98
|
17
|
8234.43
|
6474.18
|
27
|
|
EO Income
|
-29.85
|
1237.27
|
PL
|
-282.15
|
1237.27
|
PL
|
|
PBT after EO
|
2353.04
|
3280.25
|
-28
|
7952.28
|
7711.45
|
3
|
|
Taxation
|
943
|
1008.48
|
-6
|
2380.42
|
2108.21
|
13
|
|
PAT
|
1410.04
|
2271.77
|
-38
|
5571.86
|
5603.24
|
-1
|
|
Minority Interest (MI)
|
-2.89
|
0.05
|
LP
|
-4.19
|
1.1
|
LP
|
|
Net profit
|
1412.93
|
2271.72
|
-38
|
5576.05
|
5602.14
|
0
|
|
EPS (Rs)*
|
#
|
#
|
|
20
|
16
|
|
|
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
|