NMDC Steel Limited — Important, 06-02-2025: Financial Result Updates

Revenue from operations for the quarter ended December 31, 2024, rose markedly to ₹2,119.54 crore, up 129% year-over-year from ₹925.85 crore. This revenue surge can be attributed to enhanced demand for steel products, an expanding market presence, and operational efficiencies post the commencement of commercial operations in August 2023.

Net loss for the quarter stood at ₹757.78 crore compared to a loss of ₹568.39 crore for the same period last year, contributing to a year-to-date loss of ₹1,900.40 crore. The Earnings Per Share (EPS) for the quarter was reported at ₹(2.59). Factors impacting profitability include rising operational costs, with total expenses amounting to ₹3,194.35 crore, reflecting a significant increase from the ₹1,695.33 crore for the same quarter last year.

Operational