However, the company's iron ore sales jumped 6.31% to 4.21 MT in March 2025, compared to 3.96 MT in March 2024.
Iron ore production in the Chhattisgarh division tumbled 42.09% YoY to 2.49 MT in March 2025, while sales declined 18.81% to 2.72 MT, compared to 3.35 MT in March 2024.
On the other hand, the Karnataka division saw an 89.29% YoY increase in production, reaching 1.06 MT in March 2025. Sales surged 144.26% to 1.49 MT in March 2025, compared to 0.61 MT in March 2024.
The company's cumulative production for the year up to March 2025 reached 44.04 MT, reflecting a decline of 2.18% compared to the same period last year, while sales for the same period stood at 44.40 MT, marking a slight decrease of 0.18% compared to the previous year.
NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of December 2024, the Government of India held a 60.79% stake in the firm.
The company’s consolidated net profit (from continuing operations) jumped 29.04% to Rs 1,896.99 crore in Q3 FY25 as compared with Rs 1,470.09 crore in Q3 FY24. Revenue from operations increased 21.4% YoY to Rs 6,567.83 crore in Q3 FY25.
The scrip rose 0.09% to Rs 69.81 on the BSE.