NMDC

FY25 Net Profit Rises 17% to ₹6,538 Crore; Auditor Flags Karnataka Levy

reported a 17.4% rise in consolidated net profit at ₹6,538.82 crore for FY25, up from ₹5,571.25 crore in FY24. Total income rose to ₹25,498.84 crore from ₹22,678.73 crore a year earlier. CMD Amitava Mukherjee said the company aims to scale up production to 100 million tonnes per annum (MTPA) over the next five years. Iron ore production in FY25 stood at 44.04 million tonnes, slightly down from 45.02 MT in FY24. The company’s auditor flagged the Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, 2024 passed in December and pending enactment which may impose a retrospective levy.