NMDC Q3 Results: Net profit rises 29% to Rs 1,897 crore, revenue rose by 21.4%

State-owned NMDC Ltd. reported its results for the December quarter on Thursday, February 6. Following the announcement, the stock fell to a low of Rs 63.91. The company's net profit surged by 29% year-on-year, reaching Rs 1,896.7 crore, compared to Rs 1,470 crore in the same quarter last year.

Revenue for the third quarter increased by 21.4% from the previous year, totaling Rs 6,568 crore, up from Rs 5,410 crore in the same quarter last year. NMDC's Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose by 18.2% year-on-year, reaching Rs 2,372 crore.

However, the EBITDA margin contracted to 36%, down from 37% in the same quarter last year.

As of Thursday, shares of NMDC were trading 0.71% higher at Rs 65.60. The stock has corrected over 30% from its recent peak of Rs 95.45.

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