In an impressive display of operational excellence, NMDC, India’s leading mining entity, has reported record-breaking figures for the second quarter of the fiscal year 2026. The Hyderabad-based miner saw its production and sales volumes hit new highs, significantly boosting its financial metrics against the backdrop of a robust domestic steel demand.
**Operational Highlights and Financial Performance**
For the quarter ending September 2025, NMDC’s iron ore production escalated to 10.21 million tonnes, marking a substantial 23% increase compared to 8.29 million tonnes in Q2 FY25. This growth in output is reflective of NMDC’s enhanced operational efficiencies and expanded mining capacities.
Similarly, the company’s sales volume witnessed a healthy rise, reaching 10.72 million tonnes, up by 10% from 9.73 million tonnes in the corresponding quarter of the previous year. This uptick in sales underscores the strong market demand and NMDC’s pivotal role in meeting the raw material needs of the Indian steel industry.
**Financial Surge Reflecting Operational Success**
The surge in production and sales has directly contributed to NMDC’s financial prosperity. The company’s turnover soared by 30% to reach Rs. 6,261 crore, compared to Rs. 4,807 crore in Q2 FY25. The profit before tax (PBT) saw an impressive 35% increase, standing at Rs. 2,271 crore, while the profit after tax (PAT) grew by 33% to Rs. 1,694 crore. Additionally, the earnings before interest, tax, depreciation, and amortization (EBITDA) escalated by 32%, amounting to Rs. 2,385 crore.
**Leadership Commentary**
Shri Amitava Mukherjee, Chairman and Managing Director of NMDC, expressed immense satisfaction with the quarter’s outcomes, stating, “This quarter’s record production and sales, coupled with robust financial growth, are testament to NMDC’s enduring commitment to operational excellence and strategic foresight. Our focus on delivering high-quality ore, coupled with our ambitious expansion initiatives and alignment with national policy objectives, positions NMDC as a cornerstone in supporting India’s industrial growth.”
He further emphasized the company’s strategic direction, “As we move forward, our endeavors will remain aligned with national priorities of achieving self-sufficiency in the supply of critical raw materials for steelmaking. We are also committed to environmental stewardship with a clear roadmap towards achieving net-zero emissions.”
**Looking Ahead**
With its stellar performance in Q2 FY26, NMDC is well-positioned to maintain its growth trajectory. The company’s strategic initiatives, including capacity expansion and sustainability efforts, are expected to further consolidate its leadership in the mining sector and contribute to its long-term financial stability and growth.
As NMDC continues to capitalize on favorable market conditions and governmental policies, the outlook for the coming quarters remains positive, promising further enhancements in operational performance and profitability.
**Market Reaction and Future Prospects**
The market has responded positively to NMDC’s Q2 results, with an uptick in its stock prices following the announcement. Investors and market analysts are keenly watching the company’s strategic moves, particularly in areas of capacity enhancement and environmental sustainability. NMDC’s commitment to industry-leading practices and its role in bolstering the domestic steel sector are expected to keep it at the forefront of India’s industrial expansion in the years to come.
