NMDC Steel shares rally over 12% as Q1 revenue jumps 18.6% YoY to Rs 3,365.00 crore
NMDC Steel shares surged over 12% following the company's robust Q1 results, signalling strong investor confidence in its recent performance.
The steel producer reported a significant quarter-on-quarter revenue increase of 18.6%, reaching Rs 3,365 crore compared to Rs 2,838 crore in the previous quarter. This growth in top-line was accompanied by a remarkable turnaround in profitability. NMDC Steel posted a net profit of Rs 25.60 crore, bouncing back from a net loss of Rs 473 crore in the preceding quarter.
Ebitda, a key indicator of operational efficiency, also reflected a dramatic improvement, rising to Rs 408 crore from a loss of Rs 291 crore in the previous period. The company's Ebitda margin stood at a healthy 12.1%.
On the stock front, NMDC Steel shares opened at Rs 40.04 and traded in the range of Rs 39.35 to Rs 41.50 during the day, significantly higher than the previous close of Rs 35.85. Despite this strong performance, the stock is still below its 52-week high of Rs 56.25, while comfortably above the 52-week low of Rs 32.13.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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