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Iron-ore supplier NMDC reported an operating profit of Rs 1,990 crore, up 5 per cent year-on-year (Y-o-Y) with realisations of Rs 1,800/ tonne. Operating profit decreased by 7.8 per cent on a sequential basis.
Revenue grew 13 per cent Y-o-Y to Rs 5,390 crore in the first half of this financial year (Q1FY24), but decreased by 7.8 per cent quarter-on-quarter (Q-o-Q).
Blended average sale price stood at Rs 4,915 per tonne, down 20 per cent Y-o-Y, given the high base of Q1FY23 when global fears of supply disruption drove up prices.
