NMDC's monthly sales also declined by 22% to 2.82 MnT in May this year from 3.62 MnT in May 2023.
The company's cumulative iron ore output fell to 5.82 MnT in April-May 2024 from 7.22 MnT in the year-ago period.
Sales during the said period were at 6.35 MnT, down from 7.05 MnT in April-May 2023.
On Tuesday, NMDC had increased the prices of lump ore by INR 250 a tonne and fines by INR 350 per tonne with immediate effect.
The miner revised the cost of lump ore to INR 6,450/tonne and fines to INR 5,610 per tonne.
Under the Ministry of Steel, Hyderabad-based NMDC caters to India's around 20% demand for the key steel-making raw material.
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