NMDC Steel (NSLNISP) Q3 24/25 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 24/25 earnings summary
24 Nov, 2025Executive 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.
Latest events from NMDC Steel
- Returned to Q2 profit, while H1 operating cash flow declined sharply.NSLNISP
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- FY24 ramp-up delivered ₹3,049 crore revenue but a ₹1,560 crore net loss.NSLNISPQ4 23/24
- Q1 FY27 revenue grew year-over-year, with net profit at ₹50.51 crore and no loan defaults.NSLNISPQ1 26/27
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- Revenue grew and losses narrowed in Q3 FY26, with improved margins and lower leverage.NSLNISPQ3 25/26
- Revenue surged, but higher costs led to a net loss and margins remained under pressure.NSLNISPQ2 25/26
- Q1 FY25 revenue increased and net loss narrowed, with stable leverage and strong asset cover.NSLNISPQ1 24/25
- Q2 FY25 saw continued losses, negative margins, and tight liquidity amid ongoing disinvestment.NSLNISPQ2 24/25