NMDC Q3 Result 2024: Date and Time, Share Price and Target

News: The National Mineral Development Corporation (NMDC), a prominent player in the mining industry, is all set to unveil its financial performance for the third quarter of fiscal year 2024. In this article, we delve into the key details surrounding NMDC’s Q3 results, including the date and time of the announcement, share price movements, and the company’s targets.

When Will NMDC Announce Its Q3 Results?

NMDC is scheduled to reveal its Q3 2024 results on February 14, 2024. Mark your calendars for this significant event!

What Can We Expect?

Analysts anticipate a robust performance from NMDC during this quarter. Here are some points to consider:

1. Profit and EBITDA Growth: The company is likely to witness substantial growth in both profit and EBITDA (earnings before interest, taxes, depreciation, and amortization). This positive trend can be attributed to strategic price hikes implemented by NMDC during the three-month period².
2. Production and Sales Figures: NMDC achieved remarkable production and sales volumes in Q3 FY24. The company produced 12.22 million tonnes (MT) of iron ore and sold 11.42 MT during this period. Compared to the same quarter in the previous fiscal year, there is a 15% rise in production and a 19% rise in sales³.
3. Cumulative Performance: Up to December 2023, NMDC’s cumulative production stood at 31.79 MT, while sales reached 31.97 MT. These figures represent the highest ever cumulative production and sales in the company’s history, reflecting NMDC’s commitment to building a strong iron nation.

Share Price Movement

NMDC’s stock performance will be closely watched by investors. Keep an eye on the share price movements following the Q3 results announcement. As of now, NMDC’s stock is trading at ₹67.16 on the BSE.

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Targets Ahead

Entering 2024 with an exceptional Q3 performance, NMDC remains confident in achieving its production and sales targets for the fiscal year. The company’s strategic investments in capacity building and robust infrastructure position it well to cater to the growing domestic demand for iron ore.

About NMDC Company

NMDC Limited, formerly known as the National Mineral Development Corporation, is a significant player in the mining industry. Let’s explore some key details about this company:

1. Business Overview:
   • NMDC is involved in the exploration and extraction of various minerals, including:
     • Iron ore
     • Copper
     • Rock phosphate
     • Limestone
     • Dolomite
     • Gypsum
     • Bentonite
     • Magnesite
     • Diamond
     • Tin
     • Tungsten
     • Graphite
     • Beach sands.
   • The company operates mines in two key locations:
     • Bailadila (Chhattisgarh)
     • Donimalai (Karnataka)
2. Historical Achievements:
   • NMDC has achieved remarkable milestones in terms of production and sales:
     • In Q3 FY24, NMDC produced 12.22 million tonnes (MT) of iron ore and sold 11.42 MT.
     • These figures represent a 15% rise in production and a 19% rise in sales compared to the same quarter in the previous fiscal year.
     • Up to December 2023, NMDC achieved its highest-ever cumulative production and sales figures: 31.79 MT and 31.97 MT, respectively.
3. Stock Performance:
   • NMDC’s stock is currently trading at ₹67.16 on the BSE.
   • Investors are closely monitoring the share price movements following the Q3 results announcement.
4. Targets Ahead:
   • NMDC remains confident in achieving its production and sales targets for the fiscal year.
   • The company’s strategic investments in capacity building and robust infrastructure position it well to cater to the growing domestic demand for iron ore.

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