NMDC Steel Ltd

NMDC Steel Q3 2024: Revenue Doubles to ₹2,119 Cr, Net Loss Widens to ₹757 Cr 📉📊

• Net loss widened to ₹757.78 crore in Q3 Dec 2024 from ₹568.39 crore in Q3 Dec 2023

• Revenue from operations rose to ₹2,119.54 crore in Q3, up from ₹925.85 crore year-over-year

• Total expenses for Q3 were ₹3,194.35 crore, with raw material consumption at ₹1,830.00 crore

• Nine-month net loss reached ₹1,900.40 crore with total income of ₹5,717.08 crore

• Net worth decreased to ₹13,587.87 crore as of Dec 2024 from ₹16,349.08 crore in Dec 2023

• Debt equity ratio stood at 0.47 with total borrowings of ₹6,376.97 crore

• Strategic disinvestment by the Government of India is ongoing for a 50.79% stake in NMDC Steel