NMDC Q4 Result 2024: Revenue up by 18% while PAT down by 38% on a YOY basis

Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 28th May 2024 - 11:02 am

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NMDC announced Q4 FY2024 Results, revenue up by 18% while PAT down by 38% on a YOY basis

 

Synopsis:

NMDC announced its quarterly results for March 2024 on 27th May after market hours. It reported a consolidated PAT of ₹ 1415.62 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 increased by 18.24% on a YOY basis reaching ₹ 6908.37 cr. The company also declared a dividend of ₹ 1.50 per share.

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 was down by 18.24% on a YOY basis, reaching ₹ 6908.37 cr from ₹ 5842.52 cr in Q4 FY2023. The quarterly consolidated revenue was up by 20.22%. NMDC reported a consolidated PAT of ₹ 1415.62 cr for Q4 FY2024 against ₹ 2276.94 cr in Q4 FY2023, which is a decline of 37.83%. On a quarterly basis, the consolidated PAT was down by 3.68%. EBITDA increased by 44.50% on a YOY basis reaching ₹ 1107.50 cr. Its PAT margin stood at 20.49% for Q4.

NMDC Limited

Revenue

Q4 FY24

 

Q3 FY24

 

Q4 FY23

6,908.37

 

5,746.47

 

5,842.52

 

 

 

 

 

% Change

 

 

20.22%

 

18.24%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT

Q4 FY24

 

Q3 FY24

 

Q4 FY23

2,358.88

 

1,977.39

 

3,285.61

 

 

 

 

 

% Change

 

 

19.29%

 

-28.21%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT M BPS(%)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

34.15

 

34.41

 

56.24

 

 

 

 

 

% Change

 

 

-0.77%

 

-39.28%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT (₹ Cr)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

1,415.62

 

1,469.73

 

2,276.94

 

 

 

 

 

% Change

 

 

-3.68%

 

-37.83%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT M BPS (%)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

20.49

 

25.58

 

38.97

 

 

 

 

 

% Change

 

 

-19.88%

 

-47.42%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

EPS

Q4 FY24

 

Q3 FY24

 

Q4 FY23

4.82

 

5.06

 

7.75

 

 

 

 

 

% Change

 

 

-4.74%

 

-37.81%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 5571.25 cr compared to ₹ 5537.72 cr in FY 2023, up by 0.61%. For FY 2024, its consolidated total revenue stood at ₹ 22678.73 cr compared to ₹ 18435.10 cr in FY 2023, up by 23.02%.

NMDC also declared a final dividend of ₹1.5 per share having a face value of ₹1. Previously, it had declared a ₹5.75 per share interim dividend.

About NMDC Limited

NMDC Limited is a leading metal and mining company based in India. It specialises in the exploration and extraction of a variety of minerals. This includes iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamonds, tin, tungsten, graphite, and beach sands.

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