Shares of NMDC Ltd. declined 2% to Rs 70 on May 28 following the release of its March quarter (Q4FY25) results, which showed a sequential drop in net profit. The consolidated net profit for the quarter stood at Rs 1,483.18 crore, a 21.8% decline from Rs 1,896.66 crore in the December quarter (Q3FY25). Despite the fall in profit, revenue from operations rose 6.65% quarter-on-quarter to Rs 7,004.59 crore.

On a year-on-year basis, the company posted a 4.77% rise in net profit and a 7.94% increase in revenue, supported by strong performance in its pellet segment. Revenue from pellets, other minerals, and related services surged to Rs 662.07 crore in Q4FY25—a massive 966.65% increase compared to the same period last year. Iron ore revenue, NMDC’s core segment, grew modestly by 1.82% YoY to Rs 6,350.49 crore.

For the full fiscal year FY25, NMDC delivered a 17.37% increase in net profit, reaching Rs 6,538.82 crore, while total revenue climbed 12.19% to Rs 23,905.52 crore. Despite the Q4 slip, NMDC’s stock remains up 9% over the past month, significantly outperforming the Nifty 50’s 2% gain in the same period.

NMDC continues to dominate the Indian iron ore sector, producing nearly 35 million tonnes annually from its mechanized mines in Chhattisgarh and Karnataka. As of March 2025, the Government of India retains a majority stake of 60.79% in the company.