NMDC Q3 profit grows 29% to Rs 1,897 crore

State-owned NMDC connected Thursday reported a 29 per cent emergence successful consolidated nett net to Rs 1,896.66 crore successful the October-December 4th of 2024-25, chiefly driven by higher income.

It had reported a nett of Rs 1,492.73 crore successful the October-December play of 2023-24.

Total income roseate by 21 per cent to Rs 6,942.92 crore successful the 3rd 4th of FY25 compared to Rs 5,746.47 crore successful the year-ago period, the institution said successful an speech filing.

Total accumulation successful the 4th roseate by 9 per cent to 13.29 cardinal tonnes (MT) implicit 12.22 MT successful the aforesaid 4th past year. Sales roseate by 5 per cent to 11.94 MT successful the December 4th from 11.39 MT successful Q3FY24.

NMDC CMD Amitava Mukherjee said, "We person entered the 4th fourth of FY25 connected a beardown momentum. Despite challenges faced this fiscal year, NMDC's results stay affirmative connected a sequential basis, strengthening a maturation trajectory." For the April-December period, the company's nett roseate to Rs 5,055.64 crore, up 22 per cent from Rs 4,155.63 crore nett net successful the nine-month play past fiscal.

Income during the 4th roseate to Rs 18,001.67 crore from 15,770.36 crore successful April-December 2023-24. Production roseate to 30.77 MT, up 3 per cent implicit 31.78 MT successful 9MFY24. Sales were besides up marginally to 31.74 MT arsenic against 31.94 MT successful April-December 2023-24.

Hyderabad-based NMDC, nether the Ministry of Steel, is India's largest robust ore mining company. NMDC unsocial caters astir 20 per cent to the country's request for the cardinal alloy making earthy material.