NMDC Limited, a prominent iron ore mining company owned by the Indian government, has reported impressive financial results for the second quarter of the fiscal year 2024-25. The company achieved a net profit of INR 12.11 billion ($143.60 million), marking an 18.06% increase compared to the same period last year. This growth in profit reflects NMDC's strong operational performance and strategic market positioning.
The company's revenues for the quarter were reported at INR 49.18 billion ($583.01 million), representing a 22.54% increase year on year. This significant rise in revenue underscores NMDC's ability to capitalize on favorable market conditions and effectively manage its resources to drive financial success.
During this period, NMDC Limited produced 10.93 million metric tons of iron ore, showcasing its robust production capabilities. The increase in production volume is a testament to the company's operational efficiency and its commitment to meeting the growing demand for iron ore both domestically and internationally.
