NMDC Limited reported a 29% increase in consolidated net profit for the October-December quarter of FY25, reaching ₹1,896.66 crore, primarily due to higher income. In the same period last fiscal year, the company’s profit stood at ₹1,492.73 crore.
According to the company’s exchange filing, total income grew by 21% to ₹6,942.92 crore in Q3 FY25, compared to ₹5,746.47 crore in the corresponding period of FY24.
Production for the quarter saw a 9% rise, reaching 13.29 million tonnes (MT) from 12.22 MT in Q3FY24. Sales also increased by 5%, totaling 11.94 MT compared to 11.39 MT in the same period last year.
NMDC Chairman and Managing Director Amitava Mukherjee expressed optimism about the company’s performance, stating that despite challenges, NMDC entered the fourth quarter with strong momentum and remains on a positive growth trajectory.
For the April-December period of FY25, NMDC’s net profit climbed 22% to ₹5,055.64 crore, up from ₹4,155.63 crore in the same nine-month period of FY24. Revenue for the period rose to ₹18,001.67 crore, compared to ₹15,770.36 crore in the previous year.
Production during these nine months stood at 30.77 MT, a slight decline from 31.78 MT in the previous year, while sales remained almost steady at 31.74 MT, compared to 31.94 MT in 9MFY24.
Headquartered in Hyderabad, NMDC operates under the Ministry of Steel and is the country’s largest iron ore producer, supplying around 20% of India’s total iron ore demand.
