NMDC Q4 Results 2022: Net profit declined by 35.91% for Q4FY22

On 26th May 2022, NMDC announced its quarterly results for the last quarter of FY2022.

Key Highlights:

Q4FY22:

- The company's revenue dropped by 2.12% to Rs.6702.24 crores in the quarter under review from Rs.6847.57 crores in the same quarter last fiscal.

- The company's total income rose 1.47% to Rs.7034.93 crores in the quarter under review from Rs.6932.75 crores in the same quarter last fiscal

- NMDC reported a net profit of Rs.1817.45 crores from Rs.2835.82 crores in Q4FY21, a drop by 35.91%

FY2022:

- The company's revenue rose 68.39% to Rs.25881.73 crores in FY22 from Rs.15370.06 crores in FY21.

- The company's total income rose 69.19% to Rs.26600.25 crores in FY22 from Rs.15721.66 crores in FY21

- NMDC reported a net profit of Rs.9379.6 crores from Rs.6277.01 crores in Q4FY21, a growth of 49.42%

Segment Revenue:

- The Iron ore segment reported quarterly revenue at Rs.6672.09 crore with a drop by 1.98% YoY and for FY22 it reported revenue at Rs.25629.72 crore with a growth of 68.24%.

-The Other segment reported quarterly revenue at Rs.113.21 crore with growth of 180.8% YoY and for FY22 it reported revenue at Rs.335.07 crore with a growth of 145.7%.