NMDC Steel: Q4 Revenue Rises 34%, Losses Narrow1 day ago
NMDC Steel reported a 34% increase in Q4 revenue to Rs 2,838 crore. EBITDA loss contracted to Rs 291 crore from Rs 656 crore in the previous quarter. Net loss reduced to Rs 473 crore from Rs 758 crore. Share price rose nearly 3% in early trade.
NMDC STEEL Reports Q4 Financial Results2 days ago
NMDC STEEL has reported its quarterly financial results. For Q4, the company recorded a net loss of 4.7 billion rupees, which is an improvement compared to the loss of 8.61 billion rupees in the same quarter of the previous year. However, it represents a larger loss compared to the previous quarter's loss of 7.6 billion rupees. The company's revenue for Q4 stood at 28.4 billion rupees, showing an increase from 18.46 billion rupees in the same quarter last year.
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About NMDC Steel
NMDC Steel Ltd is a government-owned company under the Ministry of Steel, India. It operates a 3.0 MTPA steel plant in Nagarnar, Chhattisgarh. The company has commissioned various facilities including a 220KV GIS sub-station, Coke Oven Batteries, Sinter Plant, Central Zero Liquid Discharge system, and Oxygen Plant. In June 2023, it began trial production of Hot Rolled Coils. The company produces low carbon steel, HSLA & Dual Phase Steel, and API quality steel, with products including HR coils and HR sheets/plates in thicknesses from 1-16 mm. NMDC Steel was listed on the stock exchange in February 2023 following a demerger from NMDC Limited.