Mon. May 20th, 2024

365telugu.com,online news,February7,Hyderabad: 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.


 
Q3 (2019-20)Q3 (2018-19)
Iron ore production quantity8.58 MT9.54 MT
Iron ore sales quantity8.41 MT8.70 MT
Sales TurnoverRs.3006 CroreRs.3649 Crore
Profit Before TaxRs.1647 CroreRs.2211 Crore
Profit After TaxRs.1376 CroreRs.1577 Crore

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 quantity8.58 MT9.54 MT
Iron ore sales quantity8.41 MT8.70 MT
Sales TurnoverRs.3006 CroreRs.3649 Crore
Profit Before TaxRs.1647 CroreRs.2211 Crore
Profit After TaxRs.1376 CroreRs.1577 Crore

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.