NMDC Steel Clocks 179% Revenue Growth In FY25
NMDC Steel Limited has shown sequential improvement in Q4 with increased revenues and narrowing losses
NMDC Steel Limited (NSL), one of India’s emerging integrated steel producers, has announced its audited financial results for the quarter and year ended March 31, 2025. The company reported a sharp year-on-year revenue increase and continued sequential improvement, driven by the successful ramp-up of its state-of-the-art 3 MTPA integrated steel plant at Nagarnar.
For FY25, NMDC Steel reported revenue from operations of Rs 8,503.05 crore, registering a robust 179% growth over Rs 3,048.99 crore in FY24. The sharp surge reflects the company’s effective operational scale-up and transition to steady-state commercial production within its first full year of operations.
In Q4 FY25, the company reported revenue of Rs 2,838 crore, up 54% YoY from Rs 1,845 crore in Q4 FY24 and 34% higher QoQ, signalling improved capacity utilisation and a strengthening presence in the domestic steel market.
Notably, NSL reduced its net loss (after tax) to Rs 473 crore in Q4, a substantial improvement from the Rs 860 crore loss reported in the same quarter last year and Rs758 crore in Q3 FY25. This marks a 38% reduction in sequential losses and reflects the company’s commitment to operational efficiency and cost rationalisation.
Commenting on the results, Amitava Mukherjee, Chairman and Managing Director, NMDC Steel Limited, said, “FY25 marks a pivotal phase in NSL’s journey from commissioning to rapid operational scale-up. The exceptional growth in revenue reflects the team’s commitment to disciplined execution and cost efficiency. As India’s demand for high-quality steel continues to surge, NSL is strategically positioned to deliver both value and volume. We are building not just a plant, but a future-ready steel powerhouse.”
NSL commenced commercial production on August 31, 2023, and has rapidly emerged as a key player in India’s steel industry. NSL is committed to align its growth strategy with India’s vision for self-reliant steel production, infrastructure-led growth, and global competitiveness.
