NMDC Q1 Results Revenue of ₹6,475.27 Crore and Net Profit of ₹1,462.03 Crore

NMDC's financial results for the first quarter of 2024 show mixed performance compared to previous quarters. The company earned INR 6,475.27 Crore from its operations, which is an increase from INR 5,851.37 Crore in the same quarter of the previous year.

This rise indicates a stronger operational performance. However, the company’s other income, which includes earnings from sources like investments, was INR 417.64 Crore, up from a loss of INR 11.98 Crore last year.

Total income for Q1 2024 reached INR 6,892.91 Crore, higher than INR 5,839.39 Crore reported a year ago. On the expense side, NMDC's total costs were INR 4,457.77 Crore, up from INR 3,790.93 Crore in Q1 2023. This increase in expenses includes costs like employee benefits, royalties, and other operational expenses.

The company’s profit before tax was INR 2,405.29 Crore, a decrease from INR 3,285.73 Crore in the previous year. The net profit for Q1 2024 was INR 1,462.03 Crore, down from INR 2,277.06 Crore a year ago.

Source: Here 

NMDC Q1 Results 2024-2025

For Q1 of 2024-2025, NMDC showed a revenue increase, reaching INR 6,475.27 Crore, up from INR 5,851.37 Crore in the same quarter of the previous year. The company’s total income was INR 6,892.91 Crore, an improvement from INR 5,839.39 Crore last year. 

Here is a summary of NMDC's financial results for Q1 of 2024-2025:

NMDC Stock Metrics Overview

NMDC‘s financial table shows key details about a company's stock. The Market Cap of ₹67,463 Crores represents the total value of all shares combined. The Current Price of ₹230 is the price for one share. The stock's highest price was ₹286, and the lowest was ₹113. Stock P/E of 11.7 means investors are paying 11.7 times the company's earnings per share. 

Here is the information in table format:

Quarterly Results 

The NMDC’s table shows financial results for three periods: September 2023, December 2023, and March 2024. Sales increased from 4,014 to 6,489, meaning the company earned more money over time. Expenses also grew from 2,824 to 4,388. 

About NMDC

NMDC, also known as the National Mineral Development Corporation, is a major public sector enterprise in India that specializes in mining. Established in 1958 and headquartered in Hyderabad, Telangana, NMDC is primarily involved in the exploration and production of a range of minerals. The company is India's largest producer and exporter of iron ore, producing over 35 million tonnes annually from its mechanized mines in Chhattisgarh and Karnataka. 

NMDC's operations also include the extraction of other valuable minerals such as copper, rock phosphate, limestone, dolomite, gypsum, and bentonite. Notably, it runs the only mechanized diamond mine in India, located in Panna, Madhya Pradesh. The company is majority-owned by the Government of India, holding a 60.79% stake. With a workforce of nearly 5,900 employees, NMDC plays a critical role in the country’s mineral industry. 

NMDC is committed to contributing to the economic development of the region and promoting sustainable practices. Its diverse portfolio of products and significant production capacity make it a key player in India's mineral sector.