NMDC has reported a profit after tax of Rs 1,963 crore in the second quarter of FY12, a massive growth of 42% as compared Rs 1,378.5 crore in the corresponding quarter of last fiscal. It was due to other income,
which doubled to Rs 502.94 crore from Rs 245.9 crore during the same period.
Net sales jumped 24% to Rs 3,062.30 crore from Rs 2,459.98 crore year-on-year.
The company has posted excellent set of numbers, which were way above all expectations. CNBC-TV18 poll saw net profit at Rs 1,725 crore and net sales at Rs 2,795 crore.
NMDC is the major beneficiary of the ongoing mining controversy at the Bellary region of Karnataka.
Volumes boosted by additional sales in Karnataka on the back of the Supreme Court’s order to restart closed Kumaraswamy mine in Bellary.
It has benefited from the government's directive to increase its mining capacity to 1 million tonnes per month in the Bellary region itself.
EBITDA was up 32% to Rs 2435.35 crore in the quarter ended September FY12 versus Rs 1,840.4 crore in same quarter the previous year.
EBITDA margins stood at 79.5% versus 74.8% year-on-year. Royalty and cess shot up 15% to Rs 230 crore from Rs 199.7 crore during the same period.
....more info
which doubled to Rs 502.94 crore from Rs 245.9 crore during the same period.
Net sales jumped 24% to Rs 3,062.30 crore from Rs 2,459.98 crore year-on-year.
The company has posted excellent set of numbers, which were way above all expectations. CNBC-TV18 poll saw net profit at Rs 1,725 crore and net sales at Rs 2,795 crore.
NMDC is the major beneficiary of the ongoing mining controversy at the Bellary region of Karnataka.
Volumes boosted by additional sales in Karnataka on the back of the Supreme Court’s order to restart closed Kumaraswamy mine in Bellary.
It has benefited from the government's directive to increase its mining capacity to 1 million tonnes per month in the Bellary region itself.
EBITDA was up 32% to Rs 2435.35 crore in the quarter ended September FY12 versus Rs 1,840.4 crore in same quarter the previous year.
EBITDA margins stood at 79.5% versus 74.8% year-on-year. Royalty and cess shot up 15% to Rs 230 crore from Rs 199.7 crore during the same period.
....more info