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NMDC reports 31% rise in Q4 net profit

29 May 2019 Evaluate

NMDC has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a rise of 31.46% in its net profit at Rs 1,453.77 crore for the quarter under review as compared to Rs 1,105.85 crore for the same quarter in the previous year. However, total income of the company decreased by 5.27% at Rs 3,839.40 crore for Q4FY19 as compared Rs 4,053.16 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 21.97% in its net profit at Rs 4,642.11 crore as compared to Rs 3,805.88 crore for the previous year. Total income of the company increased by 5.00% at Rs 12,740.97 crore for year under review as compared to Rs 12,134.64 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 21.94% in its net profit at Rs 4,637.07 crore as compared to Rs 3,802.79 crore for the previous year. Total income of the company increased by 4.97% at Rs 12,741.63 crore for year under review as compared to Rs 12,138.13 crore for year ended March 31, 2018.

Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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