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Informist, Tuesday, Feb. 3, 2026

 

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--NMDC Oct-Dec net profit INR 17.38 bln 
--Analysts saw NMDC Oct-Dec net profit at INR 18.43 bln 
--NMDC Oct-Dec revenue INR 74.86 bln 
--Analysts saw NMDC Oct-Dec revenue at INR 69.39 bln 
--NMDC Oct-Dec net profit INR 17.38 bln vs INR 19.44 bln year ago 
--NMDC Oct-Dec revenue INR 74.86 bln vs INR 65.31 bln year ago 
--NMDC to pay INR 2.5 per share interim dividend 
--NMDC interim dividend record date is Feb 13 
--NMDC incorporates arm to buy, explore, produce critical minerals 
--NMDC Apr-Dec net profit INR 54.01 bln vs INR 51.96 bln year ago 
--NMDC Apr-Dec revenue INR 203.81 bln vs INR 167.15 bln year ago 
--NMDC Oct-Dec iron ore revenue INR 60.23 bln vs INR 64.34 bln year ago 
--NMDC Q3 pellet, other minerals revenue INR 15.37 bln vs INR 1.32 bln yr ago
 

 

By Ashutosh Pati

 

MUMBAI – State-owned NMDC Ltd. reported a sharp fall in its bottom line for the December quarter and also missed the Street's expectations, mainly because of lower realisations. However, the iron ore company's top line surged on year for the reporting quarter, surpassing expectations, on sharp volume growth in the pellet and other minerals segment.

 

The company reported a net profit of INR 17.38 billion for the December quarter, down around 11% on year but up around 3% sequentially. Analysts had expected the company to post a net profit of INR 18.43 billion. Its revenue from operations rose around 15% on year and around 20% sequentially to INR 74.86 billion, much higher than expectations of INR 69.39 billion.

 

The company's revenue was aided by humongous growth in its pellet and other minerals segment. Revenue from the segment soared to INR 15.37 billion for the reporting quarter from INR 1.32 billion a year ago. However, revenue from the iron ore segment, which accounts for over 80% of the company's total revenue, fell over 6% to INR 60.23 billion. A year ago, the company had reported a revenue of INR 64.34 billion from the segment.

 

NMDC's total expenses for the December quarter rose over 28% on year to INR 54.76 billion, led by a rise in other expenses and purchase of stock-in-trade. Its other expenses rose around 70% on year to INR 10.61 billion while its purchases of stock-in-trade rose more than fivefold to INR 5.82 billion. Its expenses on royalty and other levies fell over 1% to INR 29.9 billion.

 

For the nine months ended Dec. 31, the company posted a net profit of INR 54.01 billion, up around 4% on year, on a revenue of INR 203.81 billion, up around 22% on year. The company will pay an interim dividend of INR 2.5 per share, with a record date of Feb. 13. NMDC also announced the incorporation of a wholly-owned subsidiary for the acquisition, exploration, production, and other related activities of critical minerals, subject to the approval of the Ministry of Steel, Department of Investment and Public Asset Management, and any other authority whose clearance may be required.

 

The company declared its December quarter results during market hours. At 1519 IST, shares of NMDC were up slightly at INR 81.61 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Rajeev Pai

 

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