NMDC Steel (NSLNISP) Q2 24/25 earnings summary

Executive summary

• Unaudited financial results for the quarter and half-year ended 30 September 2024 were approved by the Board on 12 November 2024.

• Commercial operations commenced on 31 August 2023, so prior period comparisons are limited.

Financial highlights

• Revenue from operations for Q2 FY25 was ₹1,522.35 crore; total income was ₹1,535.46 crore.

• Net loss for the quarter was ₹595.37 crore, compared to a net loss of ₹131.10 crore for the same period last year.

• EBITDA and operating margins remained negative, with an operating margin of -28.08% and net profit margin of -39.11% for the quarter.

• EPS for the quarter was -₹2.03.

Outlook and guidance

• Strategic disinvestment process is ongoing, with the government planning to divest its majority stake.

• No explicit forward-looking financial guidance provided.