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Informist, Tuesday, May 27, 2025

 

--Source: NMDC FY25 revenue INR 236.68 bln vs INR 212.94 bln year ago

--Source: NMDC FY25 net profit INR 66.93 bln vs INR 56.32 bln year ago

--Source: NMDC Jan-Mar revenue INR 69.53 bln vs INR 64.75 bln yr ago

--Source: NMDC Jan-Mar net profit INR 14.96 bln vs INR 14.62 bln yr ago

 

By Narayana Krishna

 

HYDERABAD – Public-sector iron ore major NMDC Ltd.'s net profit for the March quarter was INR 14.96 billion, according to a source. This was much lower than the analysts' expectations of INR 18.54 billion. The company's net profit a year ago was INR 14.62 billion.

 

The company's revenue for the quarter was INR 69.53 billion, above the estimates of INR 67.00 billion. The revenue for the year-ago period was INR 64.75 billion. Despite 15 days' disruptions in production and just 1% rise in volumes, the company reported decent revenue numbers, according to the source.

 

For 2024-25 (Apr-Mar), NMDC reported a net profit of INR 66.93 billion against INR 56.32 billion a year ago. Its revenue for the full year was INR 236.68 billion, as compared with INR 212.94 billion in FY24. Tuesday, shares of NMDC ended at INR 72.74 on the National Stock Exchange, down 0.7%.  End

 

Edited by Rajeev Pai

 

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