NMDC July-September Net Profit Rises 33% on Higher Output, Strong Steel Demand

Iron ore producer NMDC Ltd. reported a 33% rise in standalone net profit to ₹16.947 billion for the September quarter, compared with ₹12.69 billion a year earlier. The rise in profit was driven by higher output and robust domestic steel demand.

Revenue from operations rose 30% year-on-year to ₹62.61 billion, up from ₹48.07 billion.The company said it achieved all-time high production and sales volumes during the quarter, supported by resilient mining operations and strong demand for iron ore.

Iron ore production rose 23% on year to 10.21 million tonnes, while sales were up 10% to 10.72 million tonnes.
Chairman and Managing Director Amitava Mukherjee said record production and sales reflected the company’s reliability and growth momentum. “High-quality ore supply, ambitious expansion plans, and responsiveness to national policy goals continue to make NMDC a key enabler of India’s industrial aspirations,” he said. Mukherjee added that the company remains focused on achieving self-sufficiency in steel-making raw materials while progressing toward net-zero emissions.

On a consolidated basis, NMDC posted a net profit of ₹16.83 billion, up from ₹11.96 billion a year earlier, while revenue from operations rose to ₹63.78 billion from ₹49.19 billion