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NMDC reports 36% fall in Q4 consolidated net profit

27 May 2022 Evaluate

NMDC has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a fall of 36.04% in its net profit at Rs 1,815.05 crore for the quarter under review as compared to Rs 2,837.58 crore for the same quarter in the previous year. However, total income of the company increased by 1.47% at Rs 7,034.79 crore for Q4FY22 as compared Rs 6,932.55 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 36.06% in its net profit at Rs 1,812.98 crore for the quarter under review as compared to Rs 2835.54 crore for the same quarter in the previous year. However, total income of the company increased by 1.47% at Rs 7,034.83 crore for Q4FY22 as compared Rs 6,932.75 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported a rise of 50.30% in its net profit at Rs 9,398.48 crore as compared to Rs 6253.05 crore for the previous year. Total income of the company increased by 69.21% at Rs 26,600.06 crore for year under review as compared to Rs 15,719.94 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 50.32% in its net profit at Rs 9,391.31 crore as compared to Rs 6,247.47 crore for the previous year. Total income of the company increased by 69.19% at Rs 26,600.25 crore for year under review as compared to Rs 15,721.66 crore for year ended March 31, 2021.

Peers
Company Name CMP
Coal India 419.70
NMDC 80.70
Ashapura Minechem 518.95
Sandur Manganese 182.70
GMDC 555.75
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