NMDC Steel Posts ₹115 Crore Loss in Q2; Shares Slide Nearly 7%

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reported a net loss of ₹115 crore for Q2 FY25, reversing from a ₹25.6 crore profit in the previous quarter. While revenue rose marginally by 0.7% year-on-year to ₹3,390 crore, operating earnings dropped 50.4% to ₹417 crore, with EBITDA margin narrowing to 6.1%. The company achieved a major milestone of producing 2 million tonnes of hot metal in FY25, doubling last year’s output. Despite this operational progress, shares tumbled 6.88% to ₹44.39 intraday, closing 6.36% lower at ₹44.64. The stock remains down 1.22% over the past year but is up 3.59% year-to-date.