NMDC Steel Reports ₹1.15 Billion Loss In Q2 Despite ₹33.9 Billion Revenue

NMDC Steel Ltd has released its financial results for the second quarter of FY26, ending September 2025. The company reported a consolidated net loss of ₹1.15 billion, reversing gains from earlier quarters. Revenue from operations stood at ₹33.9 billion, supported by consistent output from its Nagarnar plant. However, global steel price volatility and high raw material costs weighed on profitability.

Major takeaways  

• Q2 FY26 revenue from operations reached ₹33.9 billion, driven by steady production  
• Net loss for the quarter stood at ₹1.15 billion, impacted by cost inflation and pricing headwinds  
• The company continues to ramp up capacity utilization at its Nagarnar integrated steel plant  
• Export volumes remained flat, while domestic demand showed mild recovery  
• NMDC Steel is exploring cost rationalization and operational efficiencies to improve margins

Notable updates  

• Management expects demand revival in H2 FY26, supported by infrastructure and construction sectors  
• Strategic sourcing and logistics optimization are underway to mitigate input cost pressures  
• The company remains committed to long-term expansion and value-added product development

Sources: Business Standard, Moneycontrol, NMDC Steel investor filings, Economic Times Markets