Q1 2025 NMDC Ltd Earnings Call Transcript
Key Points
- NMDC Ltd (BOM:526371) reported a 19-20% increase in PBT and PAT despite a 14% drop in production.
- The company successfully reduced its losses by half and expects to break even on a monthly basis by the end of Q2 FY25.
- NMDC Steel Limited (NSL) achieved a milestone by producing over 1.5 million tonnes of hot metal within a year.
- The company is optimistic about recovering retrospective tax liabilities from customers, minimizing financial impact.
- NMDC Ltd (BOM:526371) is on track to achieve its annual production target of 50 million tonnes despite initial shortfalls due to heavy monsoons.
- Production decreased by 14%, impacting overall output.
- The company faces potential liabilities of INR 2,500 crores in Karnataka and INR 144 crores in Chhattisgarh due to retrospective tax judgments.
- NMDC Ltd (BOM:526371) experienced operational challenges, including scheduled maintenance and equipment damage, affecting production rates.
- The company has not yet made provisions for potential liabilities arising from the Supreme Court judgment.
- There are concerns about the impact of additional levies and taxes imposed by state governments on future profitability.
Ladies and gentlemen, good day, and welcome to National Mineral Development Corporation Limited Q1 FY25 Earnings Conference Call hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Mohit Lohia from ICICI Securities Limited. Thank you, and over to you, sir.
Thank you, Deepika, and good afternoon, everyone, for -- and thank you for joining us for today's call. At the outset, I would like to thank management for giving us an opportunity to host this call. From the management, we have Mr. Amitava Mukherjee, Chairman-Cum-Managing Director (Additional Charge) and Director of Finance.
Without much ado, I would invite Mr. Mukherjee for the opening remarks, post which we'll have the floor for an interactive Q&A session. Over to you, sir.
Good afternoon. Thanks for joining. This quarter, in terms of financial performance has been rather
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