Share price of NMDC Ltd fell over three per cent on Wednesday, June 23, a day after the announcement of January-March quarter results for the financial year 2020-21. On Wednesday, NMDC Ltd opened at Rs 189 on BSE during the entire trading session today, hitting an intraday high of Rs 189.15 and an intraday low of Rs 178.15. The country’s largest iron ore producer reported a profit after tax of Rs 2,838 crore in the March quarter, according to regulatory information given by the company to the stock exchanges.
Profit in the fourth quarter of FY 2021 was 708 per cent higher as compared to Rs 351 crore in the corresponding quarter of the previous financial year. The iron order miner said in its statement that the turnover of the company stood at Rs 6,848 crore as compared to Rs 3,187 crore in the year-ago period.
The company said that it has recorded the ‘best ever quarterly performance’ in the March quarter of FY21 since its inception. During the entire financial year 2020-21, the turnover of NMDC stood at Rs 15,370 crore registering a growth of 31 per cent as compared to Rs 11,699 crore in FY 2019-20.
NMDC Limited produced a total of 34.15 million tonnes and sold 33.25 million tonnes of iron ore during the financial year 2020-21.
On NSE, NMDC opened at Rs 188.50 in the trading session with an intraday high of Rs 189 and an intraday low of Rs 178.05. NMDC closed at Rs 179.15, down 3.37 per cent on the NSE.
Shares of NMDC Ltd closed at Rs 178.85, down 3.53 per cent on the BSE.