NMDC (NMDC) — Board Meeting

NMDC Limited's board approved Q3 FY2024-25 financial results on February 6, 2025. Q3 revenue surged to ₹6,530.82 crore (36% up QoQ from ₹4,806.57 crore), with net profit of ₹1,896.66 crore. Nine-month revenue reached ₹16,715.19 crore. However, material contingent liabilities loom: a proposed ₹13,510.90 crore Karnataka mineral tax bill pending governor's assent, Chhattisgarh mining lease demands of ₹1,623.44 crore (sub-judice), and railway penalty notices of ₹1,620.50 crore. Outstanding receivables from RINL total ₹3,428.50 crore. A 2:1 bonus share issuance was completed. Governance concerns persist: the company lacks independent directors, preventing proper Audit Committee constitution.

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About NMDC Limited (NMDC)

Metals & Mining · Minerals & Mining · Listed on NSE

Market Cap: ₹80,366 Cr P/E: 12.4

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🔥 Also filed on 6 February 2025

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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