New Delhi, May 27 State-owned NMDC on Tuesday reported that its consolidated net profit rose 5 per cent to Rs 1,483.18 crore in the March quarter, led by rise in revenue from sale of iron ore and pellets.
In an exchange filing, the company had reported a net profit of Rs 1,415.62 crore in the fourth quarter of 2023-24.
NMDC’s total income rose nearly 9 per cent to Rs 7,497.17 crore in the last quarter of FY25 from Rs 6,908.37 crore in the fourth quarter of FY24. Iron ore sales stood at Rs 6,350.49 crore, while sale of pellets and other minerals contributed Rs 662.07 crore.
For the full FY25, net profit grew 17 per cent to Rs 6,538.82 crore from Rs 5,571.25 crore in FY24.
Total income grew to Rs 25,498.84 crore from Rs 22,678.73 crore in the same fiscal.
The board of directors of the company has proposed a final dividend of Rs 1 per share, subject to the approval of shareholders.
Further, a first interim dividend of Rs 2.30 per equity share has been declared for FY 2024-25.
NMDC Chairman and Managing Director Amitav Mukherjee said, “Our focus has always been on making consistent, year-on-year progress to reach the ultimate milestone of 100 MTPA in the next five years. The important thing is that we stay on track and maintain our momentum.
The initiatives we have taken in recent years are now translating into concrete results, and this gives us confidence in the direction we are headed.” He added that in the current quarter, the focus has been on innovation, sustainability and value creation to stay on track to achieve long-term goals. According to the company, its quarterly iron ore production stood at 13.31 million tonnes (MT) and sales at 12.67 MT.
