New Delhi: NMDC Limited has reported its best-ever first-quarter physical performance in Q1 FY'26, with production surging 30 percent year-on-year to 11.99 million tonnes (MT) from 9.19 MT in the corresponding period last year. Sales rose 14 percent to 11.52 MT from 10.07 MT in Q1 FY'25.
The strong operational performance translated into a 23 percent jump in turnover, which rose to Rs 6,634 crore in Q1 FY26 from Rs 5,378 crore a year earlier. Profit before tax (PBT) edged up 1 percent to Rs 2,644 crore, while EBITDA increased 2 percent to Rs 2,777 crore. However, profit after tax (PAT) remained almost flat at Rs 1,969 crore compared to Rs 1,984 crore in the year-ago quarter.
Commenting on the results, NMDC's Chairman and Managing Director (CMD) Amitava Mukherjee said, “Iron ore is the backbone of India's steel industry, and as the country’s largest iron ore producer, NMDC is committed to meeting the nation's growing appetite for the mineral. Our strong Q1 performance, marked by double-digit revenue growth, is a testament to our relentless pursuit of operational excellence and strategic decisions. By leveraging advanced technologies and state-of-the-art facilities, we are able to consistently deliver high volumes and have set the foundation for this financial year and for our 2030 vision.”
NMDC said the results highlight its strategic focus on scaling production and meeting India’s rising demand for iron ore, positioning the company to maintain its growth trajectory in the steel sector.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)