NMDC Ltd. announced its Q2 FY25 financial results, showing a balanced performance with growth in revenue but facing certain cost-related challenges. The company reported revenue from operations of ₹4,918.91 crore, marking a 22.6% increase year-on-year from ₹4,013.98 crore in Q2 FY24. Sequentially, however, revenue declined by 9.2% from ₹5,414.19 crore in Q1 FY25, reflecting some seasonal or demand fluctuations.
Total income for the quarter stood at ₹5,279.68 crore, up from ₹4,335.02 crore in the same period last year. Expenses totaled ₹3,665.47 crore in Q2 FY25, rising from ₹2,930.95 crore in Q2 FY24, primarily driven by increased royalty expenses and employee benefits.
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The company’s profit before tax (PBT) was ₹1,614.21 crore, a 15% increase compared to ₹1,404.07 crore in Q2 FY24. However, sequentially, PBT dropped from ₹2,607.95 crore in Q1 FY25. After accounting for tax expenses, the net profit for Q2 FY25 stood at ₹1,195.82 crore, showing an improvement over ₹1,025.07 crore in the same quarter last year but a decline from ₹1,963.57 crore in the previous quarter.
These results indicate NMDC’s ability to grow its revenue amidst market dynamics, though profitability remains sensitive to cost fluctuations. The company’s ongoing efforts to manage operational expenses and boost efficiency will be critical as it moves forward in the fiscal year.
