Inventory Market At present: NMDC, a Navratna Public Sector Enterprise (PSE) beneath the Ministry of Metal, on Tuesday, November 5 introduced that its board of administrators will contemplate a bonus share challenge on Monday, November 11.
The corporate’s board may also contemplate and approve the monetary outcomes for the quarter ended September 2024.
NMDC in an trade submitting right this moment stated, “Assembly of Board of Administrators of the Firm is scheduled to be held on Monday, eleventh November 2024 inter-alia, to contemplate, approve and tackle file the Unaudited Monetary Outcomes (Standalone and Consolidated) of the Firm for the quarter ended thirtieth September 2024 and a proposal for challenge of Bonus Shares to the shareholders of the corporate, topic to requisite approvals.”
Earlier than this, the corporate had introduced a bonus challenge of shares within the ratio of two:1 in Might 2008, thus making it the primary such challenge in 16 years.
NMDC Inventory Value Efficiency
NMDC inventory closed the session at ₹234.70, up 3.60 per cent, on the BSE following the announcement that the board will mull a bonus challenge at its upcoming assembly.
Within the final one yr, the inventory has surged 47 per cent though it has fallen 13 per cent up to now six months.
NMDC Q1 Outcomes Efficiency
The general public sector firm reported a 19 per cent year-on-year (YoY) progress in its internet revenue for the primary quarter of the present monetary yr to ₹1,969 crore whereas its income from operations was flat at ₹5,414 crore.
The earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) stood at ₹2,725 crore in Q1 FY25, barely greater than ₹2,276 crore in Q1 FY24. EBITDA margins expanded to 51 per cent throughout the June 2024 quarter from 42 per cent on a YoY foundation.
NMDC is India’s largest iron ore producer, with a manufacturing capability of 450.22 lakh tonne (LT) as of FY24.
