NMDC Limited's Board of Directors, at their meeting held on 27th May 2025, approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended 31st March 2025.
- The Board recommended a Final Dividend of ₹1/- (Rupee One only) per share on the face value of ₹1/- each for the financial year 2024-25. This is subject to approval by shareholders at the upcoming Annual General Meeting (AGM).
- This final dividend is in addition to the Interim Dividend of ₹2.30/- per equity share already declared and paid during the financial year 2024-25, bringing the total dividend for FY25 to ₹3.30/- per share. If declared at the AGM, the final dividend will be paid to shareholders within 30 days from the date of the AGM.
Key financial highlights for the standalone results are:
- For the quarter ended 31st March 2025:
- Revenue from operations stood at ₹6,953.13 crore.
- Profit for the period was ₹1,496.16 crore.
- Earnings Per Share (EPS) was ₹1.70.
- For the financial year ended 31st March 2025:
- Revenue from operations was ₹23,668.32 crore.
- Profit for the year reached ₹6,692.60 crore.
- Earnings Per Share (EPS) was ₹7.61.
Segment-wise performance for the year ended 31st March 2025 (Standalone):
- Iron Ore segment reported revenue of ₹22,906.32 crore and a profit before tax and interest of ₹9,108.53 crore.
- Pellet, Other Minerals, Products & Services segment recorded revenue of ₹864.92 crore and a loss before tax and interest of ₹142.69 crore.
The Statutory Auditors highlighted several 'Emphasis of Matter' points in their report, which did not modify their opinion:
- Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, 2024: This bill proposes a retrospective tax levy of approximately ₹13,975.07 crore on mineral rights and mineral-bearing lands. The bill is pending enactment, awaiting the assent of the Hon'ble President of India, and is currently disclosed as a contingent liability.
- Recoverability of dues from NMDC Steel Limited (NSL): Outstanding balances include ₹2,151.39 crore from the demerger and ₹3,793.21 crore in trade and other receivables. Management is confident of ultimate recovery, citing increased capacity and marketing arrangements with SAIL.
- Recoverability of trade receivables from Rashtriya Ispat Nigam Limited (RINL): Dues amount to ₹4,049 crore. The Cabinet Committee on Economic Affairs (CCEA) approved a revival plan for RINL involving a financial package of ₹11,440 crore. Management is confident of full recovery.
- Advance paid to Karnataka Vijayanagar Steel Limited (KVSL): An advance of ₹639.61 crore was paid for land for a steel plant. The lease agreement is pending, and the company is evaluating alternate business models for land utilization.
- Compensation demand based on Common Cause judgment: Show Cause Notices demand ₹1,623.44 crore, which is sub-judice. ₹600 crore has been deposited under protest, and the demand is disclosed as a contingent liability.
- Penalty for mineral dispatches without timely Railway Transit Passes (RTP): A show-cause notice alleges a penalty of ₹1,620.50 crore. The company is contesting this in court, arguing no loss to the exchequer as royalty is paid in advance.
- Financial position of Legacy Iron Ore Ltd: A foreign subsidiary of the company.