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Time of India
14 hours ago
- Politics
- Time of India
Ken-Betwa link to transform Bundelkhand: CM
Bhopal/Jabalpur: CM Mohan Yadav on Thursday said Bundelkhand is on the cusp of a major transformation, with the Ken-Betwa river linking project set to bring prosperity to Panna, Damoh, Chhatarpur and the entire region. Tired of too many ads? go ad free now Yadav said the interlinking project would be a game-changer for the region's farmers. "Farmers' lives will change for the better, and happiness will prevail across the area," he told a gathering in Panna on the occasion of Maharaja Chhatrasal Jayanti and Panna Nagar Gaurav Diwas. Yadav performed 'Bhoomi Pujan' and inaugurated development works worth over Rs 90 crore, including the Shri Jugal Kishore Lok project. He stated that soon, Panna will receive further gifts such as a medical college. Highlighting Panna's historical and natural wealth, the CM said the land was blessed with courage and immense diamond reserves. He recalled how Maharaja Chhatrasal had wisely chosen Panna as his capital, and that the city is home to the finest diamonds in India. With the development of Shri Jugal Kishore Lok, pilgrims from across the country will be drawn here, promoting tourism and boosting the local economy. Yadav emphasised the state govt's commitment to good governance, citing the closure of liquor shops in Panna and 18 other religious towns. He said the govt plans to replace liquor shops with milk parlours and promote animal husbandry and cow protection. Referring to 'Raah Veer Yojana', the CM said Rs 25,000 reward would be given for helping road accident victims reach hospitals in time under the scheme. Under widow remarriage ''Kalyani Yojana', Rs 2 lakh assistance will be given and under 'Ladli Bahna Yojana' -- monthly assistance will be increased to Rs 3,000 over the next five years. The BJP state president VD Sharma thanked the CM for gifting a Medical College, agriculture college, and ayurvedic hospital to Panna. He also referred to NMDC diamond park and museum, which has earned Panna international recognition.
Economic Times
2 days ago
- Business
- Economic Times
NMDC shares tumble 3% after sequential profit drop in Q4. Should you stay invested?
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of NMDC fell as much as 2.8% on Wednesday to Rs 70.70 on the BSE after the state-owned miner reported a sharp sequential decline of 23% in March-quarter earnings, triggering concerns over cost pressures and pricing headwinds. The profit drop came despite healthy year-on-year growth in revenue and sales posted a standalone net profit of Rs 1,496.16 crore for the quarter ended March 2025, rising just over 2% from Rs 1,462.03 crore a year earlier. However, the profit marked a 23% fall from Rs 1,943.51 crore in the preceding December quarter, reflecting the impact of weaker iron ore prices and higher operating income grew 9% year-on-year to Rs 7,497.17 crore from Rs 6,908.37 crore in Q4 FY24. Of this, iron ore sales contributed Rs 6,350.49 crore, while Rs 662.07 crore came from pellets and other minerals. NMDC's quarterly iron ore production stood at 13.31 million tonnes (MT), with sales volumes of 12.67 the full fiscal year FY25, the company reported a net profit of Rs 6,538.82 crore, up more than 17% from Rs 5,571.25 crore in FY24. Total income rose to Rs 25,498.84 crore from Rs 22,678.73 crore in the previous company's board of directors proposed a final dividend of Rs 1 per share, subject to shareholder approval. This comes on top of the Rs 2.30 per share interim dividend already paid for Motilal Oswal retained its 'buy' rating on NMDC stock but flagged concerns over margin compression, adding that the state-owned miner missed its earnings estimates driven by high expenses.'4QFY25 revenue came in line with our estimate at Rs 70 billion, up 8% YoY and 7% QoQ, primarily driven by healthy volumes and NSR growth,' the brokerage said. It added, 'EBITDA stood at Rs 20.5 billion (-2% YoY and -14% QoQ) against our estimate of Rs 24.5 billion, dragged down by high other expenses.'The brokerage noted that the iron ore production was 13.3 MT (flat YoY and QoQ), while sales stood at 12.7 MT (+1% YoY and +6% QoQ). Average selling price (ASP) during the quarter was Rs 5,530 per tonne, up 7% year-on-year and flat sequentially.'APAT for the quarter stood at Rs 14.8 billion (+3% YoY and -22% QoQ) against our estimate of Rs 19.8 billion,' the brokerage Mukherjee, Chairman and Managing Director, NMDC, said the company remains on track to achieve its long-term capacity targets. 'Our focus has always been on consistent, year-on-year progress to reach the final milestone of 100 MTPA in the next five years.'He added that in the current quarter, NMDC's focus remains on 'innovation, sustainability, and value creation' as it works toward strategic growth of NMDC had gained nearly 11% over the past month and are up around 10.5% read | Sensex drops over 200 pts, Nifty below 24,800 as block deals & IPO activity weigh on markets (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- Business
- Time of India
NMDC shares tumble 3% after sequential profit drop in Q4. Should you stay invested?
Shares of NMDC fell as much as 2.8% on Wednesday to Rs 70.70 on the BSE after the state-owned miner reported a sharp sequential decline of 23% in March-quarter earnings, triggering concerns over cost pressures and pricing headwinds. The profit drop came despite healthy year-on-year growth in revenue and sales volumes. NMDC posted a standalone net profit of Rs 1,496.16 crore for the quarter ended March 2025, rising just over 2% from Rs 1,462.03 crore a year earlier. However, the profit marked a 23% fall from Rs 1,943.51 crore in the preceding December quarter, reflecting the impact of weaker iron ore prices and higher operating expenses. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Seniors Are Snapping Up This TV Box, We Explain! Techno Mag Learn More Undo Total income grew 9% year-on-year to Rs 7,497.17 crore from Rs 6,908.37 crore in Q4 FY24. Of this, iron ore sales contributed Rs 6,350.49 crore, while Rs 662.07 crore came from pellets and other minerals. NMDC's quarterly iron ore production stood at 13.31 million tonnes (MT), with sales volumes of 12.67 MT. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. For the full fiscal year FY25, the company reported a net profit of Rs 6,538.82 crore, up more than 17% from Rs 5,571.25 crore in FY24. Total income rose to Rs 25,498.84 crore from Rs 22,678.73 crore in the previous fiscal. The company's board of directors proposed a final dividend of Rs 1 per share, subject to shareholder approval. This comes on top of the Rs 2.30 per share interim dividend already paid for FY25. Live Events Brokerage Motilal Oswal retained its 'buy' rating on NMDC stock but flagged concerns over margin compression, adding that the state-owned miner missed its earnings estimates driven by high expenses. '4QFY25 revenue came in line with our estimate at Rs 70 billion, up 8% YoY and 7% QoQ, primarily driven by healthy volumes and NSR growth,' the brokerage said. It added, 'EBITDA stood at Rs 20.5 billion (-2% YoY and -14% QoQ) against our estimate of Rs 24.5 billion, dragged down by high other expenses.' The brokerage noted that the iron ore production was 13.3 MT (flat YoY and QoQ), while sales stood at 12.7 MT (+1% YoY and +6% QoQ). Average selling price (ASP) during the quarter was Rs 5,530 per tonne, up 7% year-on-year and flat sequentially. 'APAT for the quarter stood at Rs 14.8 billion (+3% YoY and -22% QoQ) against our estimate of Rs 19.8 billion,' the brokerage noted. Amitava Mukherjee, Chairman and Managing Director, NMDC, said the company remains on track to achieve its long-term capacity targets. 'Our focus has always been on consistent, year-on-year progress to reach the final milestone of 100 MTPA in the next five years.' He added that in the current quarter, NMDC's focus remains on 'innovation, sustainability, and value creation' as it works toward strategic growth goals. Shares of NMDC had gained nearly 11% over the past month and are up around 10.5% year-to-date. Also read | Sensex drops over 200 pts, Nifty below 24,800 as block deals & IPO activity weigh on markets
Business Standard
2 days ago
- Business
- Business Standard
NMDC slips as Q4 PAT drop 22% QoQ to Rs 1,483 cr
NMDC declined 1.88% to Rs 71.39 after the company's consolidated net profit slipped 21.8% to Rs 1,483.18 crore in Q4 FY25, compared with Rs 1,896.66 crore in Q3 FY25. However, revenue from operations rose 6.65% quarter-on-quarter (QoQ) to Rs 7,004.59 crore during the quarter. On a year-on-year (YoY) basis, the companys net profit increased by 4.77%, while revenue grew 7.94% in Q4 FY25, driven by higher revenue from pellet sales. Profit before tax (PBT) declined 0.89% YoY to Rs 2,337.88 crore in Q4 FY25. Revenue from pellets, other minerals, products, & services stood at Rs 662.07 crore, marking a 966.65% YoY increase. Revenue from iron ore reached Rs 6,350.49 crore, up 1.82% YoY during the same period. On a full-year basis, the company's net profit jumped 17.37% to Rs 6,538.82 crore on a 12.19% rise in revenue to Rs 23,905.52 crore in FY25 over FY24. Meanwhile, the board of directors has proposed a final dividend of Rs 1 per share, subject to shareholder approval. In addition, the company has already paid a first interim dividend of Rs 2.30 per equity share for FY 2024-25. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of March 2025, the Government of India held a 60.79% stake in the firm.
Business Standard
2 days ago
- Business
- Business Standard
NMDC consolidated net profit rises 4.60% in the March 2025 quarter
Sales rise 7.94% to Rs 7004.59 crore Net profit of NMDC rose 4.60% to Rs 1477.68 crore in the quarter ended March 2025 as against Rs 1412.67 crore during the previous quarter ended March 2024. Sales rose 7.94% to Rs 7004.59 crore in the quarter ended March 2025 as against Rs 6489.31 crore during the previous quarter ended March 2024. For the full year,net profit rose 17.34% to Rs 6541.98 crore in the year ended March 2025 as against Rs 5575.06 crore during the previous year ended March 2024. Sales rose 12.19% to Rs 23905.52 crore in the year ended March 2025 as against Rs 21307.85 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 7004.596489.31 8 23905.5221307.85 12 OPM % 29.2832.39 - 34.0934.23 - PBDT 2478.762499.37 -1 9564.318585.47 11 PBT 2337.882388.73 -2 9143.898234.81 11 NP 1477.681412.67 5 6541.985575.06 17
