NMDC - Q2 FY13 Result First Cut - Microsec

NMDC announced its Q2FY13 results on 7th November, 2012.

The company's net sales arrived at INR2611.98 crore, which was down by 14.71% and 7.96% on YoY and QoQ basis, due to lower production of 5.34MT. The iron ore production in Q1FY13 was 6.9MT and 7.59MT in Q2FY12. Despite the hike in iron ore prices this quarter, the production was significantly lower by 30% on YoY basis and 23% on QoQ basis. The company's lo production was on back of heavy rains which disrupted the evacuation of iron ore in mines in Bailadila region (Chattisgarh). The EBITDA for the quarter was down by 21.91% and 17.39% on YoY and QoQ basis. The EBITDA Margin dropped by 672bps and 824bps on YoY and QoQ basis. The company posted a net profit of INR1654.44 crore, which was down by 16.18% and 13.67% on YoY and QoQ basis.

Source : Equity Bulls

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