On Tuesday (November 11), state-owned NMDC Ltd reported an 18.1% YoY increase in net profit of ₹1,211.6 Crore for the second quarter ending September 30, 2024.
In the preceding fiscal quarter, NMDC reported a net profit of ₹1,026 Crore, according to a regulatory filing.
The company’s operating revenue increased by 22.5% to ₹4,919 Crore from ₹4,014 Crore in the previous fiscal year.
In the second quarter of this fiscal year, EBITDA increased by 16.4% to ₹1,385.7 Crore, up from ₹1,191 Crore in the same period last year. The EBITDA margin was 28.2% in the reporting quarter, compared to 29.7% in the same time last fiscal year.
The board has approved the issuance of bonus shares to shareholders in the ratio of 2:1, i.e. two bonus equity shares of face value ₹1 each for every one existing equity share of face value ₹1 each, to eligible members of the company as on the record date, subject to shareholder approval.
The NMDC board has approved increasing the company’s authorised share capital from ₹400 Crore to ₹1,000 Crore, divided into 1,000 Crore equity shares of ₹1 apiece. This increase is subject to all relevant regulatory approvals.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
Invest wise with Expert advice