NMDC Ltd Share Price – NSE /  BSE

Mining & Mineral products, Small Cap

NMDC announced that the 66th Annual General Meeting (AGM) of the company will be held on 24 September 2024.

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Revenue from operations fell marginally to 5,377.80 crore in the June quarter as compared with Rs 5,394.66 crore posted in Q1 FY24.

Profit before tax advanced 19.42% year on year (YoY) to Rs 2,628.57 crore in the quarter ended 30 June 2025.

EBITDA stood at Rs 2,725crore in the June quarter, registering a growth of 19.73% YoY. EBITDA margin improved to 51% in Q1 FY25, as compared to 42% reported in the corresponding quarter previous year.

The company’s revenue from iron ore business were at Rs 5,342.33 crore (up 0.35% YoY) while income from pellet ,other mineral and services came in at Rs 35.47 crore (down 50.01% YoY) during the period under review.

The PSU miner's iron ore production declined by 14.15% to 91.89 lakh tonnes (MT) Q1 FY25 as against 107.03 LT produced in Q1 FY24. Iron ore sales in the June quarter was at 100.73 LT, registering de-growth of 8.22% as compared to 109.75 LT recorded in the same period a year ago.

NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of June 2024, the Government of India held 60.79% stake in the firm.

Shares of NMDC slipped 2.18% to Rs 224.60 on the BSE.

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NMDC Ltd rose 1.02% today to trade at Rs 231.95. The BSE Metal index is up 0.78% to quote at 31447.2. The index is down 4.67 % over last one month. Among the other constituents of the index, Coal India Ltd increased 0.71% and Jindal Steel & Power Ltd added 0.69% on the day. The BSE Metal index went up 46.4 % over last one year compared to the 21.64% surge in benchmark SENSEX.

NMDC Ltd has lost 5.79% over last one month compared to 4.67% fall in BSE Metal index and 1.2% drop in the SENSEX. On the BSE, 93552 shares were traded in the counter so far compared with average daily volumes of 4.09 lakh shares in the past one month. The stock hit a record high of Rs 286.35 on 21 May 2024. The stock hit a 52-week low of Rs 112.75 on 14 Aug 2023.

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Net profit of NMDC rose 19.28% to Rs 1970.77 crore in the quarter ended June 2024 as against Rs 1652.22 crore during the previous quarter ended June 2023. Sales rose 0.36% to Rs 5414.19 crore in the quarter ended June 2024 as against Rs 5394.66 crore during the previous quarter ended June 2023.

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