Share the post "NMDC Steel announced Financial Results Q1 2024"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: substantial increase in net sales/revenue by 9.6 %.
- Income over the Year and quarter: Marginal decrease of -76.91% in other income during this quarter.
- Profit over the Year and quarter: NMDC Steel Limited’s profitability dropped by -36.43 % Quarter to Quarter.
- EPS over the Year and quarter: EPS decreased by -36.39 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0 Cr | Rs. 1845.73 Cr | Rs. 2022.91 Cr | + 9.6 % | 0 % |
| Expenses | Rs. 0 Cr | Rs. 2801.33 Cr | Rs. 2424.01 Cr | -13.47 % | 0 % |
| Operating Profit | Rs. 0 Cr | Rs. -955.6 Cr | Rs. -401.1 Cr | + 58.03 % | 0 % |
| OPM % | 0 % | -51.77 % | -19.83 % | + 31.94 % | -19.83 % |
| Other Income | Rs. 0 Cr | Rs. 90.21 Cr | Rs. 20.83 Cr | -76.91 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 155.44 Cr | Rs. 153.08 Cr | -1.52 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 252.29 Cr | Rs. 238.66 Cr | -5.4 % | 0 % |
| Profit before tax | Rs. 0 Cr | Rs. -1273.12 Cr | Rs. -772.01 Cr | + 39.36 % | 0 % |
| Tax % | 0 % | -32.38 % | -29.11 % | + 3.27 % | -29.11 % |
| Net Profit | Rs. 0 Cr | Rs. -860.85 Cr | Rs. -547.25 Cr | + 36.43 % | 0 % |
| EPS in Rs | Rs. 0 | Rs. -2.94 | Rs. -1.87 | + 36.39 % | 0 % |
Today, we’re looking at NMDC Steel Limited’s financial performance for the Q1(Jun 2024).However, it did see a marginal increase of 9.6 % from the previous quarter. Expenses decreased slightly by -13.47 % quarter-on-quarter, faced a quarter-on-quarter increase of 58.03 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -19.83 %, but an expansion of 31.94 % sequentially. Other income fell by -76.91 % compared to the last quarter, Interest expenses dropped significantly by -1.52 % from the previous quarter, Depreciation costs fell by -5.4 % quarter-on-quarter, but saw an increase from the preceding quarter by 39.36 %.
Tax expenses as a percentage of profits decreased slightly by -29.11 % compared to last year, with a more notable quarter-on-quarter increase of 3.27 %. but experienced a 36.43 % expansion from the last quarter. but a quarterly rise of 36.39 %. In summary, NMDC Steel Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0 Cr | Rs. 1845.73 Cr | Rs. 2022.91 Cr | + 9.6 % | 0 % |
| Expenses | Rs. 0 Cr | Rs. 2801.33 Cr | Rs. 2424.01 Cr | -13.47 % | 0 % |
| Operating Profit | Rs. 0 Cr | Rs. -955.6 Cr | Rs. -401.1 Cr | + 58.03 % | 0 % |
| Net Profit | Rs. 0 Cr | Rs. -860.85 Cr | Rs. -547.25 Cr | + 36.43 % | 0 % |
| EPS in Rs | Rs. 0 | Rs. -2.94 | Rs. -1.87 | + 36.39 % | 0 % |
In reviewing NMDC Steel Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.however, there was a minor increase of 9.6 % from the previous quarter. with a decrease of -13.47 % quarter-on-quarter. and saw a 58.03 % increase from the last quarter.
and experienced a 36.43 % increase from the previous quarter. however rose by 36.39 % compared to the last quarter. In essence, while NMDC Steel Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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