NMDC Q4 results: Consolidated PAT jumps 22% to ₹2,277 crore owing to exceptional items, declares dividend
In March 2023 quarter, NMDC posted a double-digit decline in revenue and EBITDA. However, its bottom-line front surged due to an exceptional items. Subdued demand and iron ore prices took a toll in the quarter.
Central public sector undertaking, NMDC registered a growth of 22.3% in net profit to ₹2,276.9 crore on a consolidated basis for the fourth quarter of FY23 compared to a profit of ₹1,862.31 crore in Q4 of the previous fiscal. The bottom-line front (PAT) picked up due to an exceptional item of ₹1,237.27 crore recorded in the quarter.
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