New Delhi: NMDC Limited, India’s largest iron ore producer, has delivered its best-ever physical performance in the first quarter of FY 2026, with production soaring 30 percent year-on-year to 11.99 million tonnes (MT) compared to 9.19 MT in Q1 FY25. This robust output reflects NMDC’s strategic efforts to scale operations and support India’s burgeoning steel industry.
Production and Sales Growth
NMDC’s sales volumes rose 14 percent year-on-year, reaching 11.52 MT from 10.07 MT in the corresponding quarter last year. The surge in production and sales led to a 23 percent increase in revenue, with turnover climbing to Rs 6,634 crore from Rs 5,378 crore a year ago.
Profit Margins Show Marginal Changes
While operational metrics improved significantly, profit before tax (PBT) increased only marginally by 1 percent to Rs 2,644 crore, and earnings before interest, taxes, depreciation, and amortization (EBITDA) edged up 2 percent to Rs 2,777 crore. Profit after tax (PAT) remained largely stable at Rs 1,969 crore, slightly down from Rs 1,984 crore in Q1 FY25, reflecting challenges in cost management and market conditions.
Strategic Focus on Growth and Technology
Commenting on the results, NMDC’s Chairman and Managing Director, Amitava Mukherjee, emphasized the company’s critical role in supporting India’s steel sector:
“Iron ore is the backbone of India’s steel industry, and as the country’s largest iron ore producer, NMDC is committed to meeting the nation’s growing appetite for the mineral. Our strong Q1 performance, marked by double-digit revenue growth, is a testament to our relentless pursuit of operational excellence and strategic decisions. By leveraging advanced technologies and state-of-the-art facilities, we are able to consistently deliver high volumes and have set the foundation for this financial year and for our 2030 vision.”
Outlook
The Q1 FY26 results highlight NMDC’s focus on scaling production capacity and meeting the increasing demand for iron ore domestically. The company aims to sustain growth momentum and play a pivotal role in India’s ambitious steel production targets, underpinning national infrastructure and industrial development.
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About NMDC
NMDC Limited is India’s largest producer of iron ore and operates under the Ministry of Steel. Headquartered in Hyderabad, it plays a pivotal role in meeting the raw material requirements of India’s steel industry and contributes significantly to mineral exploration and development.
