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NMDC surges despite reporting 56% fall in Q3 consolidated net profit
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NMDC is currently trading at Rs. 118.00, up by 2.05 points or 1.77% from its previous closing of Rs. 115.95 on the BSE.
The scrip opened at Rs. 115.95 and has touched a high and low of Rs. 120.60 and Rs. 114.40 respectively. So far 1145868 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.13 on 11-Apr-2022 and a 52 week low of Rs. 81.27 on 15-July-2022.
Last one week high and low of the scrip stood at Rs. 121.65 and Rs. 114.25 respectively. The current market cap of the company is Rs. 34537.19 crore.
The promoters holding in the company stood at 60.79%, while Institutions and Non-Institutions held 26.84% and 12.36% respectively.
NMDC has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported fall of 56.60% in its net profit at Rs 889.86 crore for Q3FY23 as compared to Rs 2050.36 crore for the corresponding quarter previous year. Total income of the company decreased by 35.16% to Rs 3907.86 crore for the quarter under review as compared to Rs 6026.64 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported fall of 55.84% in its net profit at Rs 903.89 crore for Q3FY23 as compared to Rs 2046.88 crore for the same quarter in the previous year. Total income of the company decreased by 34.88% to Rs 3924.75 crore for the quarter under review as compared to Rs 6026.68 crore for the same quarter in the previous year.
