Realisation worries, capex may hit NMDC

NMDC's revenue in Q4FY25 was at ₹7,000 crore, up 8 per cent year-on-year (Y-o-Y) and 7 per cent quarter-on-quarter (Q-o-Q), driven by healthy volumes and net sales realisation (NSR).

- DEVANGSHU DATTA

Iron ore production stood at 13.3 million tonnes (mt) (flat Y-o-Y and Q-o-Q).

Sales were at 12.7 mt (up 1 per cent Y-o-Y and up 6 per cent Q-o-Q) in Q4FY25. The average sales price was ₹5,530 per tonne (up 7 per cent Y-o-Y and flat Q-o-Q).

The operating profit was ₹2,050 crore (down 2 per cent Y-o-Y, down 14 per cent Q-o-Q). The operating profit per tonne stood at ₹1,620 per tonne (down 3 per cent Y-o-Y and down 19 per cent Q-o-Q). The adjusted net profit was ₹1,480 crore (up 3 per cent Y-o-Y and down 22 per cent Q-o-Q).

For FY25, NMDC reported revenue of ₹23,900 crore (up 12 per cent Y-o-Y), operating profit of ₹8,150 crore (up 12 per cent Y-o-Y), and adjusted net profit of ₹6,500 crore (up 13 per cent Y-o-Y). The ore production for FY25 stood at 44 mt (down 2 per cent Y-o-Y) and sales volume at 44.6 mt, flat Y-o-Y. Average blended NSR for FY25 stood at ₹5,325 per tonne (up 15 per cent Y-o-Y). Operating profit per tonne grew 11 per cent Y-o-Y to ₹1,930 per tonne.