India’s largest iron ore producer, NMDC Limited, kicked off FY26 with a robust financial and operational showing for the first quarter ending June 30, 2025. The latest results—announced today—demonstrate growth in production, sales, and revenue, firmly setting the stage for an ambitious year despite cost pressures.
NMDC’s Strong Start: The Big Picture
NMDC’s Q1 FY26 revenue from operations surged to ₹6,634 crore (66.34 billion rupees), marking a substantial 23–24.5% increase year-on-year. Net profit delivered was ₹1,969 crore (19.69 billion rupees), remaining steady versus last year’s result, and notably surpassing market expectations amid rising operational costs.
Key Highlights—Production & Sales Scale New Heights
-
Iron ore production jumped 30%, totaling 11.99 million tonnes—up from 9.19 million tonnes in Q1 FY25.
-
Quarterly sales of iron ore reached 11.52 million tonnes, a 14% rise compared to 10.07 million tonnes a year ago.
-
These record volumes underline NMDC’s commitment to meeting India’s surging steel and infrastructure sector demand.
Revenue, Profit & Financial Metrics
NMDC’s turnover for the period reached ₹6,634 crore, up from ₹5,378 crore a year earlier, indicating double-digit top-line growth. The Profit Before Tax (PBT) came in at ₹2,644 crore, slightly up from ₹2,628 crore in the previous year’s corresponding period. Profit After Tax (PAT) stood at ₹1,969 crore, nearly matching the prior year.
EBITDA was reported at ₹2,777 crore, a healthy margin in the context of higher costs—operating expenses rose by 38%, reflecting both inflationary headwinds and strategic investments in capacity and technology. Margins moderated on account of cost increases but remained above analyst expectations.
Operational Excellence & Strategic Focus
NMDC’s CMD, Amitava Mukherjee, credited the strong results to relentless operational excellence, leveraging advanced technologies, and disciplined execution across assets. The company affirmed its plans to further ramp up production in FY26, targeting 55.4 million tonnes for the full year, in sync with government and market demand for steel and minerals.
Share Performance & Outlook
Following the Q1 results, NMDC’s share price registered a positive tick on the Bombay Stock Exchange, signaling investor confidence in the miner’s strategic trajectory.
Outlook: NMDC sets its sights on scaling new heights throughout FY26. The company remains focused on high volumes, efficiency, and margin protection while advancing its 2030 vision as India’s indispensable supplier of iron ore.
Key Figures at a Glance
-
Q1 FY26 Revenue: ₹6,634 crore
-
Q1 FY26 Net Profit: ₹1,969 crore
-
EBITDA: ₹2,777 crore
-
Iron ore production: 11.99MT (30% YoY growth)
-
Iron ore sales: 11.52MT (14% YoY growth)
-
Production target for FY26: 55.4MT
Conclusion
NMDC’s Q1 FY26 report highlights aggressive growth in operational scale and revenue, steady profits amidst rising costs, and signals continued leadership in a rapidly changing iron ore and steel market. The results reinforce NMDC’s pivotal role in India’s industrial expansion and its vision to shape the mineral sector’s future.
Source: The Hindu BusinessLine, Millennium Post, NewsBytes
