NMDC announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 12 December 2024 .Powered by Capital Market - Live

NMDC Ltd dropped for a fifth straight session today. The stock is quoting at Rs 221.97, down 1.24% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.NMDC Ltd has lost around 6.36% in last one month.Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has eased around 10.64% in last one month and is currently quoting at 9078.5, down 2.5% on the day. The volume in the stock stood at 110.5 lakh shares today, compared to the daily average of 125.01 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 222.09, down 1.27% on the day. NMDC Ltd jumped 30.72% in last one year as compared to a 20.25% rally in NIFTY and a 30.31% spurt in the Nifty Metal index.The PE of the stock is 10.66 based on TTM earnings ending June 24.Powered by Capital Market - Live

Profit before tax (PBT) increased 14.97% YoY to Rs 1614.21 crore in Q2 FY25. Total expenses jumped 25.06% to Rs 3665.47 crore in Q2 FY25 as compared with Rs 2930.95 crore in Q2 FY24. Consumption of raw materials stood at Rs 3.51 crore (down 3.31% YoY), employee benefit expenses stood at Rs 418.84 crore (up 6.63% YoY), royalty and other levies was at Rs 1,750.39 crore (up 16.3% YoY), finance cost stood at Rs 29.09 crore (up 56.4% YoY) during the period under review. Meanwhile, the company's board has approved the bonus issue in the proportion of 2 bonus equity shares for every one equity share held (2:1), as on the record date, subject to approval of shareholders of the company. Further, the board has approved to increase authorized share capital of the company from Rs 400 crore divided into 400,00,00,000 equity shares of Rs 1/- each; to Rs 1,000 crore divided into 1000,00,00,000 equity shares of Rs 1/- each, subject to requisite approvals. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of September 2024, the Government of India held 60.79% stake in the firm. The counter declined 3.54% to Rs 224.70 on the BSE.Powered by Capital Market - Live

Net profit of NMDC rose 18.06% to Rs 1211.57 crore in the quarter ended September 2024 as against Rs 1026.24 crore during the previous quarter ended September 2023. Sales rose 22.54% to Rs 4918.91 crore in the quarter ended September 2024 as against Rs 4013.98 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4918.914013.98 23 OPM %28.1729.66 - PBDT1717.331492.87 15 PBT1614.211404.07 15 NP1211.571026.24 18 Powered by Capital Market - Live

NMDC will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

The company has scheduled a board meeting on Monday, 11 November 2024, to consider Q2 September 2024 results, and the proposal to issue bonus shares to its shareholders, subject to necessary regulatory approvals. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of June 2024, the Government of India held 60.79% stake in the firm. On a consolidated basis, net profit of NMDC rose 19.28% to Rs 1970.77 crore on 0.36% rise in net sales to Rs 5414.19 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live

NMDC Ltd is up for a third straight session in a row. The stock is quoting at Rs 232.99, up 2.87% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.27% on the day, quoting at 23930.5. The Sensex is at 78546.92, down 0.3%. NMDC Ltd has risen around 1.86% in last one month. Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has risen around 4.6% in last one month and is currently quoting at 9242.9, up 2.05% on the day. The volume in the stock stood at 124.47 lakh shares today, compared to the daily average of 118.85 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 233.7, up 2.63% on the day. NMDC Ltd is up 45.3% in last one year as compared to a 23.28% spurt in NIFTY and a 43.62% spurt in the Nifty Metal index.The PE of the stock is 10.75 based on TTM earnings ending June 24.Powered by Capital Market - Live

Iron ore sales in the month of October 2024 stood at 4.03 MT, registering a growth of 17.15% as compared to 3.44 MT recorded in the same period a year ago. Sequentially, the PSU miner's iron ore production jumped by 33.88% and iron ore sales grew by 13.84% in October 2024. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of June 2024, the Government of India held 60.79% stake in the firm. The state-owned miner's net profit (from continuing operations) jumped 20.25% to Rs 1,984.19 crore in Q1 FY25 as against Rs 1,650.07 crore posted in Q1 FY24. Revenue from operations fell marginally to 5,377.80 crore in the June quarter as compared with Rs 5,394.66 crore posted in Q1 FY24. The scrip rose 0.88% to Rs 223.55 on the BSE.Powered by Capital Market - Live

NMDC has announced the prices of iron ore with effect from 23 October 2024 as under: Baila Lump (65.5%, 10-40mm) ' Rs 6,350/- Per Ton. Baila Fines (64%, -10 mm) ' Rs 5,410/- Per Ton Note: The above FOR prices are inclusive of Royalty, DMF, NMET and exclusive of Cess, Forest Permit Fee, Transit fee, GST, Environmental Cess and Other Taxes. Powered by Capital Market - Live

According to the latest update by the company, the prices for Lump Ore (65.5%, 6-40mm) have been set at Rs 6,350 per ton, while Fines (64%,-10mm) are priced at Rs 5,410 per ton. Comparatively, the prices in effect from 1 October 2024, were as follows: Lump Ore (65.5%, 6-40mm) at Rs 5,750 per ton and Fines (64%,-10mm) at Rs 5,010 per ton. These new price adjustments reflect a jump of Rs 600 per ton for Lump Ore an Rs 400 per ton for Fines. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of June 2024, the Government of India held 60.79% stake in the firm. The state-owned miner's net profit (from continuing operations) jumped 20.25% to Rs 1,984.19 crore in Q1 FY25 as against Rs 1,650.07 crore posted in Q1 FY24. Revenue from operations fell marginally to 5,377.80 crore in the June quarter as compared with Rs 5,394.66 crore posted in Q1 FY24. The scrip slipped 4.54% to close at Rs 215.40 on Tuesday, 22 October 2024. Powered by Capital Market - Live