Shares of NMDC Ltd declined 1.91% to ₹71.35 in early trade on Tuesday after the company’s March quarter results showed EBITDA and margin performance below expectations, and iron ore realisations came in weaker than anticipated.
The state-owned miner posted a 5% rise in consolidated net profit at ₹1,483.18 crore for Q4 FY25, compared to ₹1,415.62 crore in the same period last year. Total income rose around 9% to ₹7,497.17 crore, supported by iron ore revenue of ₹6,350.49 crore and ₹662.07 crore from pellet and other minerals.
While headline earnings were positive, analysts flagged operational concerns. Iron ore realisations averaged ₹4,206/tonne—lower than the ₹4,299/tonne seen last year. A January price cut, as reported by BigMint, weighed on realisations, while EBITDA margins also contracted sequentially.
For the full FY25, NMDC’s net profit rose 17% to ₹6,538.82 crore and total income climbed to ₹25,498.84 crore. The company also declared a final dividend of ₹1 per share, adding to the already-paid interim dividend of ₹2.30 per share for FY25.
Amitava Mukherjee, Chairman and Managing Director of NMDC, said, “Our focus has always been on consistent, year-on-year progress to reach the final milestone of 100 MTPA in the next five years… the initiatives we’ve undertaken in recent years are now translating into tangible results.”
Despite the long-term outlook, near-term concerns around iron ore pricing persist. JSW Steel, a major NMDC customer, expects further pricing pressure in Q1 FY26.
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