NMDC Q4 net rises 2% to ₹1,496 crore, up 19% in FY25 to ₹6,693 crore
The Hindu
NMDC's net profit and revenue increased, aiming for 100 million tonnes per annum production target in five years.
NMDC’s standalone net profit for the quarter ended March increased more than 2% to ₹1,496.16 crore (₹1,462.03 crore).
Revenue from operations of the State-owned miner and India’s largest iron ore producer increased over 7% to ₹6,953.13 crore (₹6,475.27 crore).
For 2024-25, the company reported 19% higher net profit at ₹6,692.60 crore (₹5,631.89 crore) and a 11% increase in revenue from operations at ₹23,668.32 crore (₹21,293.81 crore).
“Our focus has always been on consistent, year-on-year progress to reach the milestone of 100 million tonnes per annum [production target] in next five years,” Chairman and Managing Director Amitava Mukherjee.
The initiatives undertaken in recent years were now translating into tangible results. In the ongoing quarter, the focus remains on innovation, sustainability and value creation. “We are firmly on track to achieve our long-term target,” he said in a release.
The company has declared a final dividend of ₹1 per share.
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