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Read NMDC’s monthly production and sales report as a provisional update on iron ore volumes, not as a statement of revenue or profit. Check the reporting month and financial year, compare production with production and sales with sales, then distinguish the monthly figures from the cumulative year-to-date totals.

What NMDC’s monthly report tells you

NMDC’s filing reports iron ore production and sales in volume terms. It identifies the reporting month and financial year, marks the figures as provisional, and separates monthly figures from cumulative figures. The report does not, by itself, show prices, revenue, costs, margins, or profit.

The October 2025 disclosure, dated 1 November 2025, is titled “Details of Production & Sales of Iron Ore (Provisional) for and upto October, 2025.” It identifies the period as October 2025 in FY 2025-26. The figures below are therefore a dated illustration, not a claim about NMDC’s latest report. NMDC’s October 2025 filing

How to read the table

1. Check the month and financial year

Start with the filing date, subject line, and period covered. “Provisional” means the reported figures should not be described as final audited totals.

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2. Separate the four measures

The table gives monthly production, monthly sales, cumulative production, and cumulative sales. “Cumulative up to October” means the financial-year-to-date total through October, not October alone. The prior-year columns provide the matching month and the matching year-to-date endpoint from a year earlier.

Make like-for-like comparisons: compare October production with October production a year earlier, and cumulative production through October with cumulative production through October a year earlier. Do the same for sales. A monthly number and a cumulative number cover different periods and should not be compared directly.

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3. Read the geography rows before the total

The October table lists Chhattisgarh, Karnataka, and Total. The state rows show reported contributions by geography; the total gives the company-wide volume. The filing does not explain why a state’s contribution changed.

4. Read the unit carefully

The filing reports quantities in MT. In its table’s convention, 4.27 MT means 4.27 million tonnes. Spelling out “million tonnes” makes the scale clear and avoids confusing the figure with a single metric tonne.

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Worked example: October 2025

NMDC’s total row reports the following provisional iron ore volumes. Figures are in million tonnes, as represented by the filing’s MT convention. NMDC Limited, October 2025 filing

Measure October 2025 / through October 2025 Comparable prior-year period
Monthly production 4.27 million tonnes October 2024: 4.07 million tonnes
Monthly sales 3.89 million tonnes October 2024: 4.03 million tonnes
Cumulative production 26.47 million tonnes Through October 2024: 21.55 million tonnes
Cumulative sales 26.14 million tonnes Through October 2024: 23.84 million tonnes

The table supports two straightforward observations: October production exceeded October sales, and both cumulative production and cumulative sales were higher than their year-earlier comparison values. It does not explain the monthly production-sales gap, so that difference alone does not establish an inventory change, timing effect, product-mix effect, or other cause.

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For geographic context, October 2025 production and sales were 3.06 and 2.77 million tonnes in Chhattisgarh, and 1.21 and 1.12 million tonnes in Karnataka. Those state figures add to the published monthly total of 4.27 million tonnes produced and 3.89 million tonnes sold. NMDC Limited, October 2025 filing

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What the figures do not establish

Production and sales are distinct volume measures: production records output, while sales records volume sold. If production is higher than sales in a month, the table does not say why. It also does not provide the realized price per tonne or link specific tonnes to revenue, so volumes alone cannot be used to calculate revenue or profitability.

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For price information or financial performance, use the relevant NMDC price disclosures and financial results rather than inferring them from this volume table. NMDC’s investor page is titled “Details of Production and Sales and Prices of Iron Ore.” The July 2025 disclosure also shows the same monthly/cumulative and prior-year table pattern and labels the figures provisional. NMDC investor page referenced in the July 2025 disclosure

Which report should you use?

The latest monthly filing directly covered by this dated example is for October 2025 and was filed on 1 November 2025; that does not establish it as NMDC’s latest report on 7 October 2026. To analyze a different month, verify the intended period on NMDC’s investor disclosure page and apply the same checks for provisional status, units, monthly versus cumulative columns, prior-year matches, and geography.

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