On a consolidated basis, NMDC's net profit declined 11.2% to Rs 1394.40 crore in Q3 December 2019 (Q3 FY20) as against Rs 1569.77 crore reported in Q3 December 2018 (Q3 FY19). Net sales fell 17.6% year-on-year (YoY) to Rs 3006.38 crore in Q3 December 2019.
Profit before tax (PBT) for Q3 FY20 stood at Rs 1645.66 crore, down by 25.6% YoY. Tax expenses tumbled 85.4% to Rs 120.26 crore during the period under review.
EBITDA 25% to Rs 1721 crore in Q3FY20 from Rs 2290 crore reported in Q3FY19. EBITDA margin declined to 53% in Q3FY20 from 63% reported in Q3FY19.
The company reported a 10% decline in iron ore production to 85.82 LT on a 3% decline in off take to 84.10 LT in Q3 December 2019 as against Q3 December 2018.
The company announced an interim dividend of Rs 5.29 per equity share with a record date of 21 February 2020.
NMDC is the largest iron ore producer by volume in India. The company is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite and beach sands. As of December 2019, Government of India holds a 72.28% stake in NMDC.