NMDC Steel (NSLNISP) Q1 24/25 earnings summary

Executive summary

• Unaudited financial results for the quarter ended 30 June 2024 were approved by the Board on 13 August 2024.

• Commercial operations commenced on 31 August 2023.

Financial highlights

• Revenue from operations for Q1 FY25 was ₹2,022.91 crore, up from ₹1,845.73 crore in Q4 FY24.

• Net loss for Q1 FY25 stood at ₹547.25 crore, compared to a net loss of ₹860.83 crore in Q4 FY24 and ₹1,560.32 crore in Q1 FY24.

• Total expenses for Q1 FY25 were ₹2,815.75 crore.

• EPS for Q1 FY25 was ₹(1.87), compared to ₹(2.94) in Q4 FY24.

Key financial ratios and metrics

• Debt-equity ratio at 0.43 for Q1 FY25, unchanged from Q4 FY24.

• Net worth as of 30 June 2024 was ₹14,941.02 crore.

• Current ratio declined to 0.88 from 0.99 in the previous quarter.

• Operating margin for Q1 FY25 was (18.80)%, and net profit margin was (27.05)%.

• Interest service coverage ratio at (2.48) for Q1 FY25.