Results ka Full Scene:
Standalone basis pe dekha jaaye toh NMDC ka revenue 14.6% badhkar ₹7,485.55 Cr ho gaya. Lekin mazedaar baat yeh hai ki profit before tax (PBT) 10.1% girkar ₹2,365.90 Cr pe aa gaya, aur net profit (PAT) bhi 10.6% neeche ₹1,738.07 Cr ho gaya. Is hisaab se EPS bhi ₹1.98 raha, jo pichhle saal ke ₹2.21 se kam hai.
Consolidated numbers thoda better hain, jahan revenue 15.9% badhkar ₹7,610.79 Cr hua aur PAT sirf 6.7% girkar ₹1,756.59 Cr raha. Consolidated EPS ₹2.00 tha.
Agar nine months ki baat karein toh standalone revenue 21.9% badhkar ₹20,380.56 Cr aur PAT 3.9% badhkar ₹5,401.11 Cr hua.
Sabse Badi Tension: Tax Ka Mamla
Ye jo revenue badhne ke baad bhi profit gir raha hai, iska matlab hai ki ya toh cost bahut badh gayi hai ya fir prices mein kuch gadbad hai. Lekin asli chill toh auditors ki report mein hai. Unhone ₹15,165.06 Cr ki ek 'contingent tax liability' pakdi hai, jo Karnataka ke ek naye tax bill se judi hai. Company ka kehna hai ki agar bill pass hua toh yeh paisa customers se recover karenge. Yeh ek bahut bada amount hai!
Aur toh aur, company ka paisa ₹1,901.39 Cr + ₹4,889.13 Cr NMDC Steel Limited mein aur ₹4,104.59 Cr Rashtriya Ispat Nigam Limited (RINL) mein fansa hua hai. Legal cases bhi ₹1,623.44 Cr ki demand aur ₹1,620.50 Cr ki penalty ke saath chal rahe hain, jisme se ₹600 Cr toh company ne protest mein jama bhi kar diye hain.
Future ka Outlook:
Investors ke liye sabse bade risks toh yahi hain ki yeh ₹15,165 Cr wala tax issue kaise solve hoga aur baaki companies se paisa wapas milega ya nahi. Legal disputes bhi pressure bana rahe hain.
Company ne aage ke liye koi specific guidance nahi di hai. Par ek achhi khabar yeh hai ki NMDC critical minerals ke liye ek Wholly-Owned Subsidiary bana rahi hai, jo future mein growth ke liye accha ho sakta hai.