India’s largest iron ore producer, NMDC, announced its Q2 FY25 financial results, reporting strong growth across key metrics. Profit After Tax (PAT) rose by 23%, Profit Before Tax (PBT) increased by 20%, and turnover climbed by 19% year-over-year, reflecting the company’s robust operational performance and market responsiveness.
For the half-year comparison, NMDC recorded a 9% growth in turnover, reaching Rs 10,909.37 crore in FY25, up from Rs 10,010.03 crore in FY24. Profit Before Tax (PBT) increased by 20% to Rs 4,316.11 crore, while Profit After Tax (PAT) grew by 21% to Rs 3,253.34 crore. These figures highlight NMDC’s continued financial strength and resilience.
The NMDC board has also recommended the issuance of Bonus Shares in the ratio of 2:1, offering two bonus equity shares for every one existing share, subject to shareholder approval. The bonus shares will have a face value of Rs 1 each, fully paid up.
Commenting on the results, CMD (Additional Charge) Shri Amitava Mukherjee stated, “Our robust financial performance in Q2 and H1 FY25 is a testament to NMDC’s resilience and capability. Despite challenges like a heavy monsoon, we have achieved outstanding progress in sales and financial outcomes. We are confident that NMDC will progress toward 50 million tonnes of production this fiscal year, setting new standards in the industry.”
NMDC’s solid Q2 results reaffirm its leadership in India’s mining sector and its ongoing commitment to driving growth and value creation.
