NMDC Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- NMDC Ltd reported a 31.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 20.8%.
- Its expenses for the quarter were up by 18.9% QoQ and 24.0% YoY.
- The net profit increased 57.5% QoQ and increased 27.9% YoY.
- The earnings per share (EPS) of NMDC Ltd stood at 2.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 6942.92 | 5279.68 | 5746.47 | 31.5% | 20.8% |
Total Expenses | 4359.07 | 3665.47 | 3516.78 | 18.9% | 24.0% |
Profit Before Tax | 2583.85 | 1614.21 | 1977.39 | 60.1% | 30.7% |
Tax | 686.86 | 418.39 | 507.30 | 64.2% | 35.4% |
Profit After Tax | 1898.62 | 1205.30 | 1483.93 | 57.5% | 27.9% |
Earnings Per Share | 2.10 | 4.10 | 5.10 | -48.8% | -58.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
NMDC Ltd, formerly known as National Mineral Development Corporation, is an Indian public sector mining company. It is primarily engaged in the exploration and production of iron ore, which is a critical raw material for the steel industry. Over the years, NMDC has established itself as one of the premier mining organizations in the country, with a strong focus on sustainable mining practices and technological advancements. The company operates large-scale iron ore mines in the Indian states of Chhattisgarh and Karnataka, contributing significantly to India's mineral production. As of the latest available information, NMDC has been undertaking various strategic initiatives to enhance its production capacity and operational efficiency. However, specific recent developments or initiatives for the quarter in review are not detailed in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), NMDC Ltd reported a total income of ₹6942.92 crores, reflecting a robust growth of 31.5% compared to the previous quarter (Q2FY25) where the income was ₹5279.68 crores. Year-over-year, the company's total income increased by 20.8% from ₹5746.47 crores recorded in Q3FY24. This significant increase in total income suggests a strong performance in the company's core operations during the quarter. The growth in revenue on both QoQ and YoY bases indicates effective execution of business strategies and possibly higher demand or better pricing for its products.
Profitability
The profitability of NMDC Ltd showcased substantial improvement in Q3FY25, with the profit before tax (PBT) standing at ₹2583.85 crores. This represents a 60.1% increase compared to the prior quarter's PBT of ₹1614.21 crores and a 30.7% rise from the same quarter in the previous year (Q3FY24) where the PBT was ₹1977.39 crores. The profit after tax (PAT) also saw a considerable rise, reaching ₹1898.62 crores in Q3FY25, up by 57.5% QoQ and 27.9% YoY. Despite a higher tax expense of ₹686.86 crores in Q3FY25, which grew by 64.2% QoQ and 35.4% YoY, NMDC managed to maintain a strong net profitability. The earnings per share (EPS) decreased to ₹2.10 in Q3FY25 from ₹4.10 in Q2FY25 and ₹5.10 in Q3FY24, which may require further context to understand the underlying reasons.
Operating Metrics
Operating expenses for NMDC Ltd in Q3FY25 amounted to ₹4359.07 crores, which represents an 18.9% increase from the previous quarter's expenses of ₹3665.47 crores. Compared to the same period in the previous year, when expenses were ₹3516.78 crores, there was a 24.0% increase. This indicates a rise in operational costs, possibly due to higher production volumes or cost inflation. Despite the increase in expenses, the company achieved a notable increase in profit, reflecting strong cost management or operational efficiencies. The financial data provided does not include information necessary to calculate certain key financial ratios like the P/E ratio or debt-to-equity ratio, as these would require additional data points such as market capitalization or total liabilities, which are not available in the current dataset.
In summary, the financial performance data for NMDC Ltd in Q3FY25 reflects strong revenue growth and profitability, although there are areas like EPS that may require further investigation to understand their performance trajectory fully.
