Moderate valuations offer support for NMDC despite market headwinds

Iron ore production stood at 13.3 mn tonnes (up 9 per cent Y-o-Y and 61 per cent Q-o-Q), while sales stood at 11.9 mn tonnes (up 5 per cent Y-o-Y and 20 per cent Q-o-Q) during the quarter under review

India’s largest iron ore producer NMDC reported revenue growth of 21 per cent year-on-year (Y-o-Y), up 33 per cent quarter-on-quarter (Q-o-Q), to ₹6,600 crore in the third quarter of the financial year 2025 (Q3FY25).

 

There was strong volume growth.

 

Iron ore production stood at 13.3 million tonnes (up 9 per cent Y-o-Y and 61 per cent Q-o-Q), while sales stood at 11.9 million tonnes (up 5 per cent Y-o-Y and 20 per cent Q-o-Q) during the quarter under review. Average selling price for the quarter came in at ₹5,500 per tonne, up 16 per cent Y-o-Y and 11 per cent