NMDC, the leading iron ore producer in India, has unveiled impressive financial results for the first quarter of fiscal year 2027. In this period, the company achieved an ore production of 15.12 million tons, which is a significant increase of 26% from the 11.99 million tons produced in the same quarter of the previous fiscal year. This quarter also saw a modest growth in sales, which rose by 2% to 11.73 million tons from 11.52 million tons year-on-year.
Financially, NMDC demonstrated robust growth with a turnover of Rs. 6,795 crores in the first quarter, up from Rs. 6,634 crores in the prior year’s corresponding quarter, marking a 2% increase. The company’s Profit Before Tax (PBT) was reported at Rs. 2,692 crores, slightly higher than the Rs. 2,644 crores from the year before. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) marginally increased to Rs. 2,817 crores from Rs. 2,777 crores. Furthermore, the Profit After Tax (PAT) rose by 2%, reaching Rs. 2,007 crores up from Rs. 1,969 crores.
Shri Amitava Mukherjee, the Chairman and Managing Director of NMDC, expressed optimism about the company’s trajectory, noting the strengthened production and profitability as indicators of NMDC’s operational resilience and strategic discipline. He highlighted the company’s ongoing efforts to ramp up production to 60 million tonnes within the fiscal year, with a broader goal of reaching 100 million tonnes by 2030. Mukherjee emphasized the company’s role in bolstering India’s industrial self-reliance through enhanced iron ore production.
The results from the first quarter underscore NMDC’s commitment to operational efficiency, productivity enhancements, and sustainable growth. As the company proceeds with its FY27 plans, it remains dedicated to maintaining strong production volumes and continuing its strategic expansion to support long-term objectives.
