NMDC, India’s largest iron ore producer, has posted impressive financial and operational results for Q3 FY25, achieving significant growth in both net profit and revenue. The company’s Profit After Tax (PAT) surged by 30%, reaching Rs 1,944 crore, up from Rs 1,492 crore in the same quarter of the previous year. Revenue also saw a 21% increase, rising to Rs 6,531 crore from Rs 5,410 crore last year.
In terms of production and sales, NMDC exceeded its performance from the previous year, with production hitting 13.29 million tonnes (MT), a 9% increase year-on-year (YoY), and sales reaching 11.94 MT, up by 5% YoY.
For the first nine months of FY25, cumulative production stood at 30.77 MT, while sales totaled 31.74 MT. The company enters the final quarter of FY25 on a strong note, with net profit for the nine-month period rising by 25% to Rs 5,196 crore and turnover increasing by 13% to Rs 16,715 crore.
Amitava Mukherjee, CMD (Addl. Charge) of NMDC, commented, “The demand for iron ore and steel in India continues to grow rapidly, and NMDC is well-placed to contribute to the nation’s GDP growth. Despite facing challenges this year, our results show positive momentum, and we are on track to set new records in both production and financial performance in the coming quarters.”
National Mineral Development Corporation (NMDC), a leading public sector enterprise in India, plays a crucial role in the country’s iron ore production. With a strong presence in the mining sector, NMDC is focused on expanding its output, modernizing infrastructure, and exploring critical minerals like lithium and cobalt to support India’s transition to green energy. The company has ambitious growth plans under its Vision 2030, aiming to achieve a production capacity of 100 million tonnes. Backed by strategic investments and government support, NMDC continues to be a key driver of India’s mineral self-sufficiency and industrial progress.
