Iron ore production in the Chhattisgarh division declined by 1.17% YoY to 3.37 MT in February 2025, while sales increased marginally to 2.79 MT in February 2025, compared to 2.78 MT in February 2024.
However, the Karnataka division witnessed a 145.09% YoY increase in production to 1.25 MT in February 2025. While 1.65% YoY decreased in sales volume to 1.19 MT in February 2025.
The company's cumulative production for the year up to February 2025 reached 40.49 MT, reflecting a slight increase of 0.62% compared to the same period last year, while sales for the same period stood at 40.20 MT, marking a slight decrease of 0.69% 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 declined 1.06% to Rs 61.86 on the BSE.
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
