Hyderabad, May 29th, 2025: 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, ing 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, signaling improved capacity utilization 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 rationalization.
Commenting on the results, Shri 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.