NMDC Steel Limited (NSL), an emerging force in India’s integrated steel production sector, has revealed its audited financial results for the quarter and year ending March 31, 2025. The company achieved remarkable revenue growth, fueled by the successful ramp-up of its 3 MTPA integrated steel plant in Nagarnar. For FY25, NSL reported a revenue of ₹8,503.05 crore, reflecting an impressive 179% increase from ₹3,048.99 crore in FY24. This surge highlights the company’s operational scale-up and its transition to steady-state commercial production within the first full year of operations.
In the fourth quarter of FY25, the company reported a revenue of ₹2,838 crore, marking a 54% year-on-year increase from ₹1,845 crore in Q4 FY24 and a 34% rise compared to Q3 FY25. This upward trend signals better capacity utilization and a growing footprint in the domestic steel market, indicating NSL’s expanding presence and operational efficiency.
Although the company continued to report a loss, it made significant strides in reducing its net loss (after tax) to ₹473 crore in Q4, a notable improvement from ₹860 crore in Q4 FY24 and ₹758 crore in Q3 FY25. This represents a 38% reduction in sequential losses, underscoring the company’s focus on operational optimization and cost management.
Amitava Mukherjee, Chairman and Managing Director of NMDC Steel, shared his perspective on the results, emphasizing that FY25 marks a key phase in NSL’s development, moving from plant commissioning to rapid operational scale-up. The substantial revenue growth reflects the company’s disciplined approach to execution and cost control. As demand for high-quality steel in India continues to rise, NSL is poised to capitalize on this trend, positioning itself as a significant player in the country’s steel industry and contributing to India’s vision for self-reliant steel production and global competitiveness.
NMDC Steel Limited, a prominent public sector enterprise under the Ministry of Steel, is known for its focus on high-quality products, sustainability, and technological innovation, setting new benchmarks in the steel manufacturing sector. NSL remains dedicated to fueling India’s steel ambitions, while upholding its commitment to efficiency, sustainability, and inclusive growth.
