NMDC Ltd (NSE:NMDC)
₹ 215.85 -2.43 (-1.11%) Market Cap: 632.86 Bil Enterprise Value: 543.70 Bil PE Ratio: 10.74 PB Ratio: 2.46 GF Score: 93/100
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Q4 2024 NMDC Ltd Earnings Call Transcript

May 29, 2024 / 05:30AM GMT
Release Date Price: ₹258.15 (-0.27%)

Key Points

Positve
  • NMDC Ltd (BOM:526371) achieved record-breaking production and sales in the last financial year.
  • Profits for the quarter were up by 19% compared to the previous quarter.
  • CapEx was the highest ever at INR2,100 crores, with significant future investments planned.
  • The company targets to reach 50 million tonnes of production in FY25 and 54 million tonnes in FY26.
  • NMDC Ltd (BOM:526371) has a strong cash position with net cash of INR9,200 crores as of the latest date.
Negative
  • There was a 1 million tonne production loss in May due to workforce issues.
  • Employee wage negotiations are ongoing, potentially increasing costs by approximately INR100 crores.
  • Other expenses were substantially higher due to a one-time payment of INR282 crores for land regularization.
  • Royalty and additional royalty together account for around 40-43% of sales revenue, impacting profitability.
  • The company faces logistical challenges and higher transportation costs due to its remote location.
Operator

Ladies and gentlemen, good day, and welcome to NMDC Limited Q4 FY24 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. Amit Dixit from ICICI Securities. Thank you, and over to you.

Amit Dixit
ICICI Securities Limited - Analyst

Thanks, Tanuja. Good morning, everyone, and thanks for joining the call today. At the outset, I would like to thank the management for giving us an opportunity to host this call. From the management we have today, Mr. Amitava Mukherjee, Chairman-cum-Managing Director, additional charge and Director Finance. Without much ado, I would invite Mr. Mukherjee for opening remarks, post which, we will open the floor for an interactive Q&A session. Over to you, sir

Amitava Mukherjee;Finance;Managing Director
NMDC Ltd - Chairman of the Board, Director

(),

Good morning. Good morning, everybody. Thank you for joining. I'm pleased to talk to you once again

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