NMDC ltd’s turnover upto nine months for the year 2017-18 has been recorded at Rs7732 crore, a company press release informed.
The company recorded Profit Before Tax (PBT) of Rs4187 crore and Profit After Tax (PAT) of Rs2700 crore representing an increase of 30% in turnover, 37% in PBT and 30% in PAT respectively over the corresponding period last year (CPlY).
The company’s production of iron ore for nine months for the year 2017-18 is 24.23 Million Tonnes (MT) registering an increase of 3% over CPlY while sales of iron ore was 25.54 MT which is marginal decrease of 1% over CPlY. NMDC has posted a turnover of Rs2469 crore, representing a marginal decrease of 1% over CPlY.
The company has recorded PBT of Rs.1377 Cr and PAT of Rs887 crore in the 3rd quarter of 2017-18 which is up by around 50% & 49% respectively over CPlY.
The company’s production of iron ore during the 3rd quarter is 8.56 MT registering a decrease of 12% over the corresponding CPlY while sales of iron ore was 8.06 MT which is about 20% less than that of the CPlY.
The 3rd quarter results for 2017-18 were approved by the Board of Directors of the company under the CMD N. Baijendra Kumar, IAS in its meeting held on February 13, 2018.
During October 6 to December 12, 2017, there was disruption in Railway line of Bailadila Sector, resulting in lower despatches during the said period.
“Your faith on NMDC is visible during its Offer for Sale which is subscribed by almost 600% which itself is a big achievement, for which NMDC is grateful to all its stakeholders” he said.