NMDC shares slip 2% after profit falls 22% QoQ in Q4FY25

NMDC shares dip 2 percent after Q4 profit slump

Shares of NMDC slipped 2 percent to Rs 70 per share on May 28 after the mining giant posted a weak set of results for the March quarter (Q4FY25).

Despite the dip, NMDC's stock has gained 9 percent over the past month, outperforming the 2 percent rise in the benchmark Nifty 50 index.

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For Q4FY25, NMDC’s consolidated net profit declined 21.8 percent quarter-on-quarter to Rs 1,483.18 crore, down from Rs 1,896.66 crore in the December quarter (Q3FY25). However, revenue from operations rose 6.65 percent sequentially to Rs 7,004.59 crore.

On a year-on-year basis, net profit rose 4.77 percent, while revenue increased 7.94 percent, largely driven by strong growth in pellet sales. Profit before tax declined marginally by 0.89 percent year-on-year to Rs 2,337.88 crore.

Revenue from pellets, other minerals, products, and services stood at Rs 662.07 crore in Q4FY25, marking a staggering 966.65 percent jump compared to the same quarter last year. Revenue from iron ore grew 1.82 percent year-on-year to Rs 6,350.49 crore.

For the full financial year, NMDC reported a 17.37 percent rise in net profit to Rs 6,538.82 crore, with total revenue climbing 12.19 percent year-on-year to Rs 23,905.52 crore in FY25.

NMDC remains India’s largest iron ore producer, currently extracting around 35 million tonnes annually from three fully mechanised mines, two located in Chhattisgarh and one in Karnataka. As of March 2025, the Government of India held a 60.79 percent stake in the company.