NMDC Steel (NSLNISP) Q3 24/25 earnings summary

Executive summary

• Unaudited financial results for the quarter and nine months ended 31st December 2024 were approved by the Board on 6th February 2025.

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

Financial highlights

• Revenue from operations for Q3 FY25 was ₹2,119.54 crore, up from ₹925.85 crore in the comparable period last year.

• Net loss for Q3 FY25 stood at ₹757.78 crore, compared to a net loss of ₹568.39 crore in the same quarter last year.

• For the nine months ended 31st December 2024, revenue was ₹5,664.80 crore and net loss was ₹1,900.40 crore.

• EPS for Q3 FY25 was ₹(2.59), compared to ₹(1.94) in Q3 FY24.

Outlook and guidance

• The company is subject to ongoing strategic disinvestment by the Government of India, with 50.79% stake to be divested to a strategic buyer.

• No forward-looking financial guidance was provided.