India’s state owned iron ore miner NMDC has reported 50% YoY surge in net profit for 2021-22 driven by 22% YoY increase in sales & 37% YoY increase in per tonne realization -------------FY 2021-22Iron Ore Production - 42.188 million tonnes, up 24% YoYIron Ore Sales -40.564 million tonnes, up 22% YoYAverage Realization – INR 6298 per tonne, up 37% YoYRevenue – INR 25,547 crore, up 68% YoYEBITDA – INR 13,306 crore, up 45% YoYProfit After Tax – INR 9,398 crore, up 50% YoYIncorporated in 1958 as a Government of India public enterprise, NMDC is India’s largest producer of iron ore under the administrative control of the Ministry of Steel
India’s state owned iron ore miner NMDC has reported 50% YoY surge in net profit for 2021-22 driven by 22% YoY increase in sales & 37% YoY increase in per tonne realization -------------FY 2021-22Iron Ore Production - 42.188 million tonnes, up 24% YoYIron Ore Sales -40.564 million tonnes, up 22% YoYAverage Realization – INR 6298 per tonne, up 37% YoYRevenue – INR 25,547 crore, up 68% YoYEBITDA – INR 13,306 crore, up 45% YoYProfit After Tax – INR 9,398 crore, up 50% YoYIncorporated in 1958 as a Government of India public enterprise, NMDC is India’s largest producer of iron ore under the administrative control of the Ministry of Steel
