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NMDC reports 54% fall in Q1 consolidated net profit

06 Aug 2022 Evaluate

NMDC has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 53.98% in its net profit at Rs 1469.44 crore for the quarter under review as compared to Rs 3192.84 crore for the same quarter in the previous year. Total income of the company decreased by 26.19% at Rs 4913.03 crore for Q1FY23 as compared Rs 6656.30 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 54.01% in its net profit at Rs 1467.65 crore for the quarter under review as compared to Rs 3191.30 crore for the same quarter in the previous year. Total income of the company decreased by 26.19% at Rs 4913.06 crore for Q1FY23 as compared Rs 6656.30 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Coal India 422.55
NMDC 81.58
Ashapura Minechem 526.10
Sandur Manganese 183.40
GMDC 559.55
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