NMDC Surpasses Expectations with 28% Revenue Growth in Q2

NMDC , India's largest iron ore producer, has reported robust financial results for the second quarter, exceeding analyst estimates across key metrics. The company's performance demonstrates strong growth in revenue and profitability, reflecting a positive trend in the iron ore sector.

Financial Highlights

Metric	Q2 FY24	Q2 FY23	YoY Change	Analyst Estimates
Revenue	63,000.00	49,190.00	28.1%	58,250.00
Net Profit	17,000.00	11,960.00	42.1%	16,210.00
EBITDA	20,000.00	14,400.00	38.9%	19,970.00
EBITDA Margin	32.01%	29.97%	204 bps	34.00%

Revenue and Profitability

NMDC's revenue for the quarter reached ₹63,000.00 crore, marking a significant increase of 28.1% compared to ₹49,190.00 crore in the same quarter last year. This performance surpassed analyst expectations of ₹58,250.00 crore, indicating strong demand and potentially improved pricing for iron ore.

The company's consolidated net profit saw an even more impressive growth, rising by 42.1% to ₹17,000.00 crore from ₹11,960.00 crore in the previous year. This figure also exceeded the estimated ₹16,210.00 crore, showcasing NMDC's ability to translate revenue growth into enhanced bottom-line performance.

Operational Efficiency

NMDC's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to ₹20,000.00 crore, up from ₹14,400.00 crore in the same quarter last year, representing a 38.9% growth. This result slightly outperformed analyst estimates of ₹19,970.00 crore, indicating improved operational efficiency.

The EBITDA margin expanded to 32.01% from 29.97% in the previous year, reflecting enhanced profitability. However, it's worth noting that this fell short of the estimated 34% margin, suggesting there might be room for further optimization in operational costs.

Market Implications

NMDC's strong quarterly performance may have positive implications for the broader iron ore and steel sectors in India. The substantial revenue growth could indicate robust demand for iron ore, potentially driven by increased infrastructure development and construction activities in the country.

The company's ability to exceed analyst expectations across key financial metrics demonstrates its strong market position and operational capabilities. This performance may boost investor confidence in NMDC and potentially in the wider mining and metals sector.

As NMDC continues to navigate the dynamic global commodity markets, its ability to maintain this growth trajectory and further improve operational efficiency will be crucial for sustaining its market leadership position.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.77%	+3.38%	+2.23%	+16.97%	+1.75%	+303.68%

NMDC Limited , a major player in the Indian iron ore industry, has announced new pricing for its iron ore products, effective October 22, 2025. This update comes as part of the company's regular price revisions, which are crucial for market participants and investors in the commodities sector.

New Pricing Details

NMDC has set the following prices for its iron ore products:

Product	Specification	Price (per ton)
Baila Lump	65.5%, 10-40mm	₹5,550.00
Baila Fines	64%, -10mm	₹4,750.00

These prices are inclusive of Royalty, District Mineral Foundation (DMF), and National Mineral Exploration Trust (NMET) charges. However, they exclude Cess, Forest Permit Fee, Transit fee, GST, Environmental Cess, and other applicable taxes.

Market Communication

NMDC has informed major stock exchanges about this pricing update, including the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Calcutta Stock Exchange. This communication is in line with Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and timely dissemination of price-sensitive information to the market.

Implications for Investors and Industry

The revision in iron ore prices by NMDC, a significant supplier in the Indian market, may have implications for various stakeholders:

Steel Manufacturers: Changes in iron ore prices can impact the cost structure of steel manufacturers, as it is a key raw material for steel production.
Investors: NMDC's pricing decisions may influence its revenue projections and potentially affect its stock performance.
Market Analysts: This information is crucial for updating forecasts and understanding trends in the commodities market.

Investors and industry observers are advised to consider these price changes in the context of broader market conditions, including global iron ore prices and domestic steel demand.

For the most up-to-date information, stakeholders can refer to NMDC's official website, where the company regularly updates its iron ore pricing details.