Shares of NMDC Ltd., the state-run miner surged to the day's high on Wednesday, October 29, in response to its September quarter results, which were better compared to the same quarter last year across parameters.

Net profit for the period increased by 41% from the same quarter last year to ₹1,683 crore, which was higher than the CNBC-TV18 poll of ₹1,621 crore.

Revenue increased by 30% on a year-on-year basis to ₹6,378.1 crore, which is also higher than the CNBC-TV18 poll of ₹5,825 crore.

NMDC's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter rose by 44% from last year to ₹1,993 crore, which is in-line with the CNBC-TV18 poll of ₹1,997 crore.

EBITDA margin for the period expanded by 300 basis points to 31.2% from 28.2% last year. However, the CNBC-

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