The Orissa Minerals Development Company Share Price

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<h3><span style="font-size:16px;"><strong>Coal & Mining company The Orissa Minerals Development Company announced Q1FY27 results</strong></span></h3> <p _ngcontent-ng-c3446227588=""><strong _ngcontent-ng-c3446227588="">Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c3446227588="">Revenue from Operations: The company reported revenue from operations of Rs 2,864.71 lakh for Q1FY27, representing a slight decline of 1.20% compared to Rs 2,899.50 lakh in Q4FY26 QoQ. However, on a YoY basis, revenue surged by 47.89% from Rs 1,937.03 lakh in Q1FY26 YoY.</li> <li _ngcontent-ng-c3446227588="">Total Income: Total income for Q1FY27 stood at Rs 2,948.77 lakh, a decrease of 6.22% from Rs 3,144.51 lakh in Q4FY26 QoQ, but a robust growth of 40.20% compared to Rs 2,103.28 lakh in Q1FY26 YoY.</li> <li _ngcontent-ng-c3446227588="">Profit Before Tax: The company achieved a profit before tax of Rs 478.85 lakh in Q1FY27, marking a significant turnaround from a loss of Rs 1,174.99 lakh in Q4FY26 QoQ and a loss of Rs 278.61 lakh in Q1FY26 YoY.</li> <li _ngcontent-ng-c3446227588="">Net Profit/ (Loss) After Tax: The net profit after tax for Q1FY27 was Rs 345.28 lakh, demonstrating a successful recovery from a net loss of Rs 760.69 lakh in Q4FY26 QoQ and a net loss of Rs 278.61 lakh in Q1FY26 YoY.</li> <li _ngcontent-ng-c3446227588="">Total Comprehensive Income: The total comprehensive income for Q1FY27 stood at Rs 345.28 lakh, compared to a comprehensive loss of Rs 754.33 lakh in Q4FY26 and a loss of Rs 278.61 lakh in Q1FY26.</li> <li _ngcontent-ng-c3446227588="">Earnings Per Share (EPS): The basic and diluted EPS for Q1FY27 turned positive at Rs 5.75, compared to Rs (12.68) in Q4FY26 and Rs (4.64) in Q1FY26.</li> </ul> <p _ngcontent-ng-c3446227588=""><strong _ngcontent-ng-c3446227588="">Business Highlights:</strong></p> <ul> <li _ngcontent-ng-c3446227588=""><strong _ngcontent-ng-c3446227588="">Segment-wise Revenue:</strong> <ul> <li _ngcontent-ng-c3446227588=""><strong _ngcontent-ng-c3446227588="">Iron Ore:</strong> The Iron Ore segment contributed Rs 2,864.71 lakh to the revenue in Q1FY27, down from Rs 2,899.50 lakh in Q4FY26 but significantly higher than the Rs 1,937.03 lakh reported in Q1FY26.</li> <li _ngcontent-ng-c3446227588=""><strong _ngcontent-ng-c3446227588="">Unallocated:</strong> Unallocated revenue stood at Rs 84.06 lakh in Q1FY27.</li> </ul> </li> <li _ngcontent-ng-c3446227588=""><strong _ngcontent-ng-c3446227588="">Operational Status of Mines:</strong> The company’s accounts have been prepared on a "Going Concern Basis." The Bagiaburu Iron Mines started operating on December 14, 2023. However, mining operations remain under suspension for the Belkundi and Bhadrasahi (Bhadrasal) mines due to the non-availability of statutory clearances. The company is actively pursuing the renewal of these mining leases and efforts to restore statutory clearances are ongoing.</li> <li _ngcontent-ng-c3446227588=""><strong _ngcontent-ng-c3446227588="">Depreciation and Amortization:</strong> Total depreciation for Q1FY27 came to Rs 26.59 lakh, which consists of Rs 10.34 lakh on Tangible Assets and Rs 16.25 lakh towards the amortization of Mining Rights.</li> <li _ngcontent-ng-c3446227588=""><strong _ngcontent-ng-c3446227588="">Land Assets Profile:</strong> The company holds a total Free Hold land of 180.82 Acres. Out of this, 5.423 Acres are in the name of OMDC, 3.910 Acres are in the name of Bird & Co., 3.393 Acres are occupied by Jaraka Bentakar & Suru Bantakar (in possession of OMDC by virtue of adverse possession as mentioned in the Record Of Right), and 168.098 Acres are in the name of BPMEL.</li> <li _ngcontent-ng-c3446227588=""><strong _ngcontent-ng-c3446227588="">Stock Verification:</strong> The company has been conducting qualitative and quantitative analysis of its Mines Stock annually through an independent stock verifier.</li> </ul> <p><a class="lb" href="/get-document/post/pdf/5850635/" target="_blank">Result PDF</a></p>

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