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 :

NMDC	Jun-10	Mar-10	dif%1	Jun-09	dif%2	FY10	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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