NMDC Q3 Results Schedule Announced — Check Date, Share Price History And More
Shares of NMDC Ltd. have traded in the red over the past year, declining more than 21% on the NSE.
State-owned NMDC Ltd. is slated to announce its Q3 earnings this week. Ahead of the Q3 results, NMDC said in an update that its December 2024 monthly production increased to 4.71 million tonnes (MT) from 4.48 MT on a yearly basis. Sales fell to 3.91 MT as compared to 4.19 MT a year ago.
The company, India's largest iron ore exporter, has a total market cap of over Rs 54,000 crore. Here's everything you need to know about the upcoming NMDC Q3 results.
NMDC Q3 Results: Date And Time
NMDC Ltd. in an exchange filing on Jan. 30 stated that it will announce the financial statements for Q3 following a meeting of its board of directors on Thursday, Feb. 6.
"Notice is hereby given that a Meeting of Board of Directors of the Company is scheduled to be held on Thursday, 6th February, 2025 inter-alia, to consider, approve and take on record the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 31st December 2024," the company stated.
The trading window for dealing in the securities of the company for designated persons and their immediate relatives will remain suspended till 48 hours after the announcement of the Q3 results. The trading window closed on Jan. 1.
NMDC Share Price History
Shares of NMDC Ltd. have traded in the red over the past year, declining more than 21% on the NSE. The stock has slipped nearly 2% over the past five trading days. Over the last six months, the share price of NMDC Ltd. has taken a hit of more than 15%.
As of 9:30 a.m. on Tuesday, NMDC shares were trading 1.8% up at Rs 63.46 apiece on the NSE, as compared to a 0.57% rise in the benchmark Nifty 50.
NMDC Q2 Results Highlights
NMDC Ltd. witnessed a 23% year-on-year rise in its revenue to Rs 4,919 crore in Q2 in comparison to Rs 4,014 crore a year ago. Net profit surged 17% YoY to Rs 1196 crore versus Rs 1,025 crore in Q2 of last financial year. The company's Ebitda rose 16% year-on-year to Rs 1,386 crore in Q2 of the ongoing fiscal against Rs 1,190 crore in the corresponding quarter of the previous fiscal year. Margins shrunk to 28.2% from 29.7% a year ago.
