National Mineral Development Corporation (NMDC) reported a 17.85% year-on-year (YoY) increase in iron ore production in February 2025, reaching 4.62 million tonnes (MT), up from 3.92 MT in February 2024. However, sales dipped slightly to 3.98 MT compared to 3.99 MT in the same period last year.
Iron ore production in NMDC’s Chhattisgarh division dropped by 1.17% YoY to 3.37 MT in February 2025, while sales saw a marginal increase to 2.79 MT. Meanwhile, the Karnataka division recorded a sharp 145.09% YoY surge in production to 1.25 MT. However, sales in Karnataka fell by 1.65% to 1.19 MT.
The company’s cumulative production for the financial year up to February 2025 stood at 40.49 MT, reflecting a modest 0.62% rise compared to the previous year. Total sales for the same period were 40.20 MT, marking a slight 0.69% decline.
Strong Q3 Profit Growth Despite Market Fluctuations
NMDC, India’s largest iron ore producer, operates three fully mechanized mines—two in Chhattisgarh and one in Karnataka. The Government of India holds a 60.79% stake in the company as of December 2024.
In Q3 FY25, NMDC’s consolidated net profit from continuing operations surged 29.04% to ₹1,896.99 crore, up from ₹1,470.09 crore in Q3 FY24. Revenue from operations grew 21.4% YoY to ₹6,567.83 crore.
Despite the positive earnings report, NMDC’s stock declined 1.06% to ₹61.86 on the BSE.
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