NMDC moves up despite reporting 54% fall in Q1 consolidated net profit
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NMDC is currently trading at Rs. 113.65, up by 2.55 points or 2.30% from its previous closing of Rs. 111.10 on the BSE.
The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 114.00 and Rs. 112.00 respectively. So far 1224018 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 181.80 on 06-Aug-2021 and a 52 week low of Rs. 99.60 on 15-Jul-2022.
Last one week high and low of the scrip stood at Rs. 114.00 and Rs. 104.25 respectively. The current market cap of the company is Rs. 33335.64 crore.
The promoters holding in the company stood at 60.79%, while Institutions and Non-Institutions held 28.03% and 11.18% respectively.
NMDC has reported a fall of 53.98% in its net profit at Rs 1469.44 crore for the quarter ended June 30, 2022 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 ended June 30, 2022 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.
