NMDC (526371) Q2 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2024, with strong profitability and revenue growth year-over-year.

• Authorized share capital increased from ₹400 crore to ₹1,000 crore, subject to approvals.

• Board recommended a 2:1 bonus share issue, capitalizing reserves, pending shareholder approval.

Financial highlights

• Standalone Q2 FY25 revenue from operations: ₹4,806.57 crore, up from ₹4,013.98 crore in Q2 FY24.

• Standalone net profit for Q2 FY25: ₹1,268.96 crore, up from ₹1,027.63 crore in Q2 FY24.

• Consolidated Q2 FY25 revenue: ₹4,918.91 crore; consolidated net profit: ₹1,195.63 crore.

• Half-year standalone net profit: ₹3,252.93 crore (FY25 H1) vs ₹2,677.54 crore (FY24 H1).

• EPS (standalone) for Q2 FY25: ₹4.33; for H1 FY25: ₹11.10.

Outlook and guidance

• Management confident of recovery of large outstanding receivables from NMDC Steel Ltd and RINL, supported by government oversight and expected operational scaling.

• No explicit forward-looking financial guidance provided.