NMDC Q4 Results: Net profit rises 5% YoY to ₹1,483 crore; in FY25, profit grows 17%

It had posted a net profit of ₹1,415.62 crore in the fourth quarter of 2023-24.

NMDC's total income rose by around 9% to ₹7,497.17 crore in the last quarter of FY25 from ₹6,908.37 crore in Q4 FY24. Iron ore sales were at ₹6,350.49 crore, while pellets, along with other minerals, contributed ₹662.07 crore.

For the full FY25 fiscal year, the net profit increased by over 17% to ₹6,538.82 crore from ₹5,571.25 crore logged in FY24.

Total income rose to ₹25,498.84 crore from ₹22,678.73 crore registered in the corresponding fiscal.

The Board of Directors of the company has proposed a final dividend of ₹1 per share, subject to approval of shareholders.

In addition, the first interim dividend of ₹2.30 per equity share for FY 2024-25 has been paid.

Amitava Mukherjee, Chairman and Managing Director, NMDC, stated, "Our focus has always been on consistent, year-on-year progress to reach the final milestone of 100 MTPA in the next five years. What matters is that we stay on track and keep building on our momentum. The initiatives we’ve undertaken in recent years are now translating into tangible results, and that gives us confidence in the direction we’re headed."

In the ongoing quarter, the focus remains on innovation, sustainability, and value creation to remain on track to achieve long-term targets, he said.

As per the company, its quarterly iron ore production was at 13.31 million tonnes (MT) and sales at 12.67 MT.

About NMDC

NMDC is a Navratna public sector enterprise under the Ministry of Steel, Government of India. It is the largest producer of iron ore in India and operates both iron ore and diamond mines.

NMDC share price trend

Shares of NMDC Ltd have rallied nearly 11% in the past 30 days. On a year-to-date (YTD) basis, the stock price has gained nearly 10.5%, data show.