India’s iron ore behemoth, NMDC, has announced its Q1 FY’25 financial results, showcasing a remarkable 20% surge in Profit After Tax (PAT) to Rs 1,984 crore. This impressive growth is a direct result of the company’s unwavering commitment to technological innovation and operational excellence. With a turnover of Rs 5,378 crore and EBITDA of Rs 2,725 crore, NMDC’s Q1 performance sets a strong foundation for the fiscal year.
NMDC’s Q1 FY’25 Results: A Key Highlights
– 20% increase in PAT to Rs 1,984 crore
– 20% growth in EBITDA to Rs 2,725 crore
– Turnover of Rs 5,378 crore
– Production target of 50 MnT by FY25
CMD (Addl. Charge) Shri Amitava Mukherjee attributes this success to NMDC’s strategic focus on innovation and excellence. “Our strong Q1 earnings reflect our commitment to nation-building and position us as a cornerstone in the industry,” he said.
NMDC’s robust financial performance in Q1 FY’25 reinforces its position as India’s largest iron ore producer, driving economic growth and setting new benchmarks in the mining sector. With a strong momentum, NMDC is poised to achieve its production target of 50 MnT by FY25, further solidifying its industry leadership.”
