NMDC’s Financial Evolution in Q1 FY26

NMDC’s financial performance for the first quarter of fiscal year 2026 compared to the same period in fiscal year 2025 demonstrates significant growth and stability in various key areas.

The company reported a robust increase in iron ore production by 31%, reaching 119.94 LT in Q1 FY26 compared to 91.89 LT in Q1 FY25. This rise in production directly impacted iron ore sales, which saw a 14% increase, reaching 115.17 LT in Q1 FY26, up from 100.73 LT in Q1 FY25. Moreover, NMDC’s fines dispatch for Pellets through job work saw a notable 100% surge, with 5.60 LT dispatched in Q1 FY26. The company also experienced a marginal increase in average domestic realization, with Rs. 5,353 per ton in Q1 FY26 compared to Rs. 5,304 per ton in Q1 FY25.

The financial results also reflect a positive trend in revenue generation, with revenue from operations reaching Rs. 6,634 crore in Q1 FY26, a substantial 23% increase from Rs. 5,378 crore in Q1 FY25. Interestingly, interest income witnessed a decline of 25%, dropping from Rs. 244 crore in Q1 FY25 to Rs. 183 crore in Q1 FY26. Total income for NMDC in Q1 FY26 stood at Rs. 6,932 crore, marking a 21% increase from the previous year’s Q1. On the expenditure front, operational expenses saw a significant rise of 45%, reaching Rs. 1,644 crore in Q1 FY26 compared to Rs. 1,132 crore in Q1 FY25. The EBITDA and margin for NMDC in Q1 FY26 were reported at Rs. 2,777 crore, with a margin of 42%, slightly lower than the previous year’s 51%.

However, the company’s profit before tax showed a modest 1% increase, standing at Rs. 2,644 crore in Q1 FY26. Similarly, the profit after tax witnessed a slight decrease of 1%, with Rs. 1,969 crore in Q1 FY26 compared to Rs. 1,984 crore in Q1 FY25. NMDC’s financial performance in Q1 FY26 showcases a mixed bag of results, with notable increases in production, sales, and revenue, albeit with some fluctuations in profitability indicators. The company’s strategic focus on enhancing operational efficiency and optimizing revenue streams seems to be yielding positive outcomes, setting a promising trajectory for future growth and sustainability.