Hyderabad: National Mineral Development Corporation (NMDC), India’s largest iron ore producer, has posted a historic performance for Q2 FY26, reporting all-time high production and sales volumes, coupled with strong growth in key financial metrics. The company’s resilience in the face of strong domestic steel demand and robust mining operations has enabled it to deliver impressive results across the board.
Record-Breaking Production and Sales Volumes
In the second quarter of FY26, NMDC achieved production of 10.21 million tonnes (MT), a notable 23% increase from 8.29 MT in Q2 FY25. This record production was matched by an equally impressive sales figure of 10.72 MT, up 10% from 9.73 MT in the same period last year. The company’s operational momentum has been driven by high-quality ore supply and strategic alignment with national policy goals, further solidifying its position as a key enabler of India’s industrial growth.
Read also: NMDC Revises Iron Ore Prices Effective October 22, 2025, Impacting Steel and Infrastructure Sectors
Strong Financial Performance
The company’s operational success was reflected in its financial performance for the quarter, as turnover surged by 30% to reach Rs. 6,261 crore, compared to Rs. 4,807 crore in Q2 FY25. Profit Before Tax (PBT) grew by 35%, rising to Rs. 2,271 crore from Rs. 1,687 crore in the same period last year. Profit After Tax (PAT) also saw a substantial increase of 33%, reaching Rs. 1,694 crore, up from Rs. 1,269 crore in Q2 FY25.
NMDC’s EBITDA for the quarter climbed 32% to Rs. 2,385 crore, reinforcing the company’s consistent ability to drive operational efficiency and profitability.
Strategic Vision for Growth and Sustainability
Shri Amitava Mukherjee, Chairman and Managing Director of NMDC, expressed his satisfaction with the company’s performance, stating, “Record production, record sales, and strong financial growth this quarter are all indicators of our historic reliability. 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 further added, “Going forward, our strategic efforts are guided by the responsibility to achieve self-sufficiency in steelmaking raw materials while also reaching net-zero emissions.”
Key Financial and Operational Highlights for Q2 FY26:
- Production: 10.21 million tonnes (up 23% YoY)
- Sales: 10.72 million tonnes (up 10% YoY)
- Turnover: Rs. 6,261 crore (up 30% YoY)
- PBT: Rs. 2,271 crore (up 35% YoY)
- PAT: Rs. 1,694 crore (up 33% YoY)
- EBITDA: Rs. 2,385 crore (up 32% YoY)
Looking Ahead
NMDC is well-positioned for continued growth, with a clear focus on expanding its capacity and maintaining its leadership in the iron ore industry. The company’s efforts to achieve self-sufficiency in steel raw materials and contribute to the country’s broader industrial ambitions align with India’s vision for sustainable economic development. As NMDC continues to scale its operations, it remains committed to driving innovation in mining practices while working towards its goal of net-zero emissions in the future.
About NMDC
National Mineral Development Corporation (NMDC), a leading public sector undertaking (PSU), is India’s largest producer of iron ore and operates under the Ministry of Steel. With a strong commitment to growth and sustainability, NMDC plays a vital role in the mining and steel sectors, contributing significantly to India’s industrial development. The company has consistently been at the forefront of innovation in mining and mineral processing technologies, with a focus on both domestic and international markets.
