NMDC Q4 Results Highlights: Net profit down 37.8% to ₹2,271.5 crore, dividend announced

• The mining major reported a consolidated net profit of ₹1,412.6 crore for Q4 FY24, down 37.8% from ₹2,271.5 crore in the corresponding period last year.

• Consolidated revenue from operations increased to ₹6,489.3 crore in the quarter under review compared to ₹5,851.3 crore in the year-ago period, reflecting an increase of 10.9%.

• Iron ore sales in the latest March quarter grew by 10.9% year-on-year to ₹6427.24 crore.

• For FY24, the consolidated net profit declined 0.4% to ₹5,575 crore, while revenue increased 20.6% to ₹21,307.8 crore.

• The state-run PSU's board has recommended a final dividend of ₹1.50 per equity share on the face value of ₹1 each for the financial year 2023-24.

Incorporated in 1958 as a Government of India public enterprise, NMDC is India's largest iron ore producer. Since its inception, the corporation, under the administrative control of the Ministry of Steel, has been involved in the exploration of a wide range of minerals, including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands, amongst others, in some of the country's most remote corners.

• Share price: ₹264 (-1.27%)
• Open: ₹270.1
• High: ₹270.1
• Low: ₹261.7
• Previous close: ₹267.9
• Total m-cap: ₹77,514 crore
• Free float m-cap: ₹30,282 crore

• Amitava Mukherjee- Chairman-Cum-Managing Director (Additional Charge)
• Dilip Kumar Mohanty- Director (Production)
• Vishwanath Suresh- Director (Commercial)
• Vinay Kumar- Director (Technical)
• Sukriti Likhi- Director, NMDC
• Abhijit Narendra- Director
• Dr Anil Sadashivrao Kamble, Director
• Vishal Babber, Director
• Sanjay Singh, Director

• Share price: ₹263.9 (-1.47%)
• Open: ₹270.1
• High: ₹270.1
• Low: ₹261.7
• Previous close: ₹267.9
• Total m-cap: ₹77,353 crore
• Free float m-cap: ₹30,219 crore

NMDC is a public-sector undertaking (PSU) that explores iron ore, limestone, copper, rock phosphate, gypsum, dolomite, magnesite, bentonite, graphite, tin, coal, and diamonds. It is the largest iron ore producer in India.