Navratna stock reported an 18.1% YoY increase in net profit at ₹1,211.6 crore for Q2, although it fell short of forecasts. Revenue rose 22.5% to ₹4,919 crore. EBITDA grew 16.4% to ₹1,385.7 crore, with a slight dip in margin to 28.2%. The company announced a 2:1 bonus share issue and plans to increase authorised share capital to ₹1,000 crore to support expansion.
Share Price movement of NMDC Ltd:
NMDC Ltd’s shares recently experienced a slight decline, closing at ₹232.95, which marks a 1.15% drop on the day. Despite this daily fluctuation, the stock has shown resilience over the past year, appreciating significantly, reflective of the company’s strong financial performance and strategic initiatives like the announced bonus issue.
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NMDC Ltd profit rise:
NMDC Ltd observed an 18.1% YoY rise in net profit for the second quarter, totaling ₹1,211.6 crore, yet this gain did not meet market forecasts. Revenue surged by 22.5% to ₹4,919 crore, indicating significant growth from the previous fiscal’s figures.
Operational earnings, measured by EBITDA, increased by 16.4% to ₹1,385.7 crore, though EBITDA margins slightly decreased to 28.2% from last year’s 29.7%. The decrease in margin points to operational challenges amidst financial improvements. NMDC also declared a 2:1 bonus share issue to its shareholders.
Further enhancing its financial base, NMDC’s board approved an increase in authorised share capital from ₹400 crore to ₹1,000 crore. This move is subject to regulatory approvals and is intended to support expansion and bolster shareholder value.
Recent news About NMDC Ltd:
Earlier this year, NMDC Ltd reported positive financial growth, with significant increases in both revenue and profit attributed to efficient operational management and strong market demand for minerals. The company’s strategic initiatives aimed at expanding production capacity and enhancing resource efficiency were well received by investors, contributing to a robust performance in the stock market.
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Ace investor holding of NMDC Ltd:
The NMDC Ltd shareholding pattern shows that the Promoter & Promoter Group holds a significant 60.79% of total shares, while the Public Non-Promoter category holds 39.21%. This distribution highlights the substantial control maintained by the promoters, with public shareholders holding a sizable minority interest.
Stock performance of NMDC Ltd for Period of 1 week, 6 months and 1 year:
NMDC Ltd stock has seen a significant increase, with a return of 32.9%. However, in the short term, the stock has faced challenges, declining by 0.77% over the past week and 12.1% over the last six months, reflecting fluctuations in market conditions and investor sentiments.
Shareholding pattern of NMDC Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 60.79 | 60.79 | 60.79 |
| FII | 12.6 | 12.76 | 12.6 |
| DII | 14.08 | 14.31 | 14.09 |
| Retail & others | 12.52 | 12.12 | 12.51 |
About NMDC Ltd Company:
NMDC Ltd, a Navratna public sector enterprise, is India’s largest iron ore producer and exporter, established in 1958. Engaged in mining operations primarily in Karnataka and Chhattisgarh, NMDC plays a crucial role in steel production, focusing on sustainable practices and resource expansion for long-term growth.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
