Tuesday, August 3, 2010

NMDC = FIRST QUARTER (Q1 FY2011) =RESULTS = EXCELLENT IMPROVEMENT = PROFIT UP BY 94.4% = FUTURE HIGHLY PROMISING



NMDC
Limited
Q1 FY 2011 RESULTS
NON CONSOLIDATED FIGURES
COMPARISON

Net Sales is Rs.2518 Cr – up by 27% from previous Qtr (Rs.1983 Cr) –up by 97% from corresponding Qtr (Rs.1278 Cr) – and up proportionately by 61.4% from FY2010 (Rs.6239 Cr).
Profit from Operations        is Rs.2027 Cr – up by 49.8% from previous Qtr (Rs.1354 Cr) – up by 115% from corresponding qtr (Rs.943 Cr) – and up proportionately by 86.6% from FY2010 (Rs.4346 Cr)
Net Profit       is Rs.1504 cr is up by 41.1% from previous qtr (Rs.1066 Cr) – up by Rs.94.4% from corresponding qtr (Rs.774Cr) – and up proportionately by 74.5% from FY2010 (Rs.3447 Cr).
Basic EPS       is Rs.3.79 against a face value of Rs.1 – up by 40.9% from previous qtr (Rs.2.69) – up by 94.4% from corresponding Qtr (Rs.1.95) – up proportionately by by Rs.74.5% from FY2010 (Rs.8.69).
Thus, NMDC has achieved excellent progress in the Q1 FY2011 vis avis previous qtrs and previous year. It is likely to improve its productivity further in future.
Current Market Price is Rs.268. At current qtrly EPS Rate – annual EPS for FY2011 will be around Rs.14 to 15. The PE Ratio is around 18.
RESULTS IN FIGURES :


Jun-10
Mar-10
dif%1
Jun-09
dif%2
dif%3
Net Sales
251799
198333
27
127805
97
623909
61.4
SIT&WIP
-2313
1248
-285
1156
-300
190
-4969.5
 Raw Materials
4451
7052
-36.9
4286
3.8
20945
-15
Employees Cost
11008
14876
-26
9267
18.8
41951
5
Depreciation
2372
2536
-6.5
518
357.9
7662
23.8
Other Expen
33542
37237
-9.9
18265
83.6
118600
13.1
Total Expend
49060
62949
-22.1
33492
46.5
189348
3.6
Profit.Operations
202739
135384
49.8
94313
115
434561
86.6
Other Income
22183
24556
-9.7
22901
-3.1
86171
3
P B I%EI
224922
159940
40.6
117214
91.9
520732
72.8
P A I B B EI
224922
159940
40.6
117214
91.9
520732
72.8
P B T
224922
159940
40.6
117214
91.9
520732
72.8
Tax expense
74518
53381
39.6
39839
87
176006
69.4
PAT
150404
106559
41.1
77375
94.4
344726
74.5
Net Profit
150404
106559
41.1
77375
94.4
344726
74.5
Dividend (%)
-
100

-

175
Face Value
1
1
0
1
0
1
Paid Up Equity
39647
39647
0
39647
0
39647
Reserves
-
-

-

1387596
Basic EPS
3.79
2.69
40.9
1.95
94.4
8.69
74.5
Public holding%
10
10
0
0

10


ANNOUNCEMENTS
TO THE EXCHANGE

01-07-2010  Nmdc Limited has informed the Exchange that the Merger Order passed by Ministry of Corporate Affairs (MCA) for merger of Sponge Iron India Limited (SIIL) with NMDC Ltd., has been filed on July 01, 2010 with Registrar of Companies, Andhra Pradesh, Hyderabad, within the stipulated time. Consequent upon filing, SIIL stands merged with NMDC with effect from July 01, 2010 without being wound up in terms of the Orders of Ministry of Corporate Affairs, Government of India dated January 18, 2010 and May 24, 2010. 
08-06-2010 Nmdc Limited has informed the Exchange that the Ministry of Corporate Affairs (MCA) has passed an Order dated May 24, 2010 for merger of SIIL with NMDC LTD., granting the time upto July 2, 2010 to file the Merger Order dated January 18, 2010 with the Registrar of Companies, Andhra Pradesh, Hyderabad.
22-05-2010   Nmdc Limited has informed the Exchange that the Board of Directors of the Company at its Meeting held on May 22, 2010 have recommended a final dividend of Re. 1/- per share of Re. 1/-, in addition to the interim dividend of Re. 0.75 (paid in Feb 2010) per share of Re. 1/- for the year 2009-10.

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