Steel

NMDC reports stellar Q2 performance, amid strong steel demand

NMDC Limited has reported its strongest-ever second-quarter performance for FY26, with record production, sales and significant growth across all major financial metrics. The stellar results come on the back of robust domestic steel demand and the company’s resilient mining operations.

During the quarter ending September 2025, NMDC’s iron ore production climbed to 10.21 million tonnes, marking a 23% increase from 8.29 million tonnes in the same period last year. Sales volumes also grew by 10% to 10.72 million tonnes compared to 9.73 million tonnes in Q2 FY25.

The company’s operational gains translated into impressive financial results. Turnover surged 30% year-on-year to ₹6,261 crore, while Profit Before Tax (PBT) rose 35% to ₹2,271 crore. Profit After Tax (PAT) registered a 33% growth, reaching ₹1,694 crore. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) also showed strong momentum, climbing 32% to ₹2,385 crore.

Commenting on the performance, NMDC CMD, Amitava Mukherjee, said the record-breaking results reflected the company’s ‘historic reliability’ and continued contribution to India’s industrial growth. “High-quality ore supply, ambitious expansion plans, and responsiveness to national policy goals continue to make NMDC a key enabler of India’s industrial aspirations,” he said. “Going forward, our strategic efforts are guided by the responsibility to achieve self-sufficiency in steelmaking raw materials while also reaching net-zero emissions.”

With its record output and consistent financial strength, NMDC continues to solidify its position as a cornerstone of India’s mining and steel ecosystem, aligning its growth trajectory with the country’s vision of industrial self-reliance and sustainable development.

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