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NMDC’s impressive performance for nine month ended (2019-20)

Nine months ended 31.12.2019
Nine months ended 31.12.2018
Iron ore production quantity
22.02 MT
21.77 MT
Sales of iron ore quantity
22.90 MT
22.19 MT
Sales Turnover
8512 Crore
8509 Crore
Profit Before Tax
4640 Crore
5001 Crore
Profit After Tax
3259 Crore
3188 Crore

The Company’s performance during the nine months ended 31.12.2019 has witnessed a nominal growth both in physical and financial terms over CPLY.

Iron ore production and sales for the nine months of the financial year 2019-20 has registered a growth of 1% and 3% respectively.

The turnover of Rs.8512 crore for the nine months of the financial year 2019-20 has marginally surpassed the turnover of CPLY at Rs.8509 crore, despite non operation of Donimalai mines.

The Profit before tax for the nine months of the financial year 2019-20 has reduced to Rs.4640 crore, by 7% over CPLY of Rs.5001 crore while the profit after tax has registered a growth of 2% at Rs.3259 crore over CPLY of Rs.3188 crore.

The company has declared an interim dividend of Rs.5.29 per share.

The Quarter on Quarter performance for the third quarter of the financial year 2019-20 is indicated below:

Q3 (2019-20)
Q3 (2018-19)
Iron ore production quantity
8.58 MT
9.54 MT
Iron ore sales quantity
8.41 MT
8.70 MT
Sales Turnover
Rs.3006 Crore
Rs.3649 Crore
Profit Before Tax
Rs.1647 Crore
Rs.2211 Crore
Profit After Tax
Rs.1376 Crore
Rs.1577 Crore

Shri N. Baijendra Kumar, IAS, CMD, NMDC expressed his happiness over Board’s decision to declare dividend of Rs.5.29 per share and said company would not only surpass the last year’s performance but also excel the targets set for the year.

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