Earnings Review
NMDC Q4 sales jump 61% led by HR coils; PAT misses view
This story was originally published at 21:45 IST on 29 May 2026
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--NMDC Jan-Mar net profit INR 20.20 bln
--Analysts saw NMDC Jan-Mar net profit at INR 21.52 bln
--NMDC Jan-Mar revenue INR 111.73 bln
--Analysts saw NMDC Jan-Mar revenue at INR 91.47 bln
--NMDC Jan-Mar net profit INR 20.20 bln vs INR 14.96 bln year ago
--NMDC Jan-Mar revenue INR 111.73 bln vs INR 69.53 bln year ago
--NMDC to pay INR 1 per share final dividend
--NMDC FY26 net profit INR 74.21 bln vs INR 66.93 bln year ago
--NMDC FY26 revenue INR 315.54 bln vs INR 236.68 bln year ago
--NMDC Jan-Mar iron ore revenue INR 74.56 bln vs INR 63.50 bln year ago
--NMDC Q4 pellet, other minerals revenue INR 9.46 bln vs INR 5.08 bln yr ago
--NMDC Jan-Mar hot-rolled coil, sheets sales INR 29.47 bln vs INR 1.03 bln
By Ashutosh Pati
MUMBAI – NMDC Ltd. Friday posted robust numbers for the March quarter, with sharp rise in both its bottom line and top line mainly due to a rise in sales of iron ore and hot-rolled coil and sheets. The company's bottom line missed the Street's expectations but its revenue was much higher than estimates. Its net profit growth for the March quarter was the highest in nine quarters and the revenue growth was highest in over four years.
The company reported a net profit of INR 20.20 billion for the March quarter, up 35% on year and over 16% sequentially. Analysts had expected the company to post a net profit of INR 21.52 billion. Its revenue from operations rose around 61% on year and 49% sequentially to INR 111.73 billion, much higher than expectations of INR 91.47 billion.
The company's revenue was aided by humongous growth in its hot-rolled coil and sheets segment. Revenue from the segment soared to INR 29.47 billion for the reporting quarter from INR 1.03 billion a year ago. Revenue from the iron ore segment, which accounts for around 67% of the company's total revenue, rose over 17% to INR 74.56 billion. NMDC's sales from the pellet and other minerals segment rose 86% on year to INR 9.46 billion.
NMDC's total expenses for the March quarter rose over 71% on year to INR 87.26 billion, led by a rise in purchase of stock-in-trade. Its expenses on royalty and other levies rose 11.5% on year to INR 32.35 billion while its purchases of stock-in-trade rose to INR 28.37 billion from INR 832.90 million a year ago. The company's other expenses fell over 2% to INR 8.38 billion.
The company will pay INR 1 per share as final dividend. For 2025-26 (Apr-Mar), it reported a net profit of INR 74.21 billion, up around 11% on year. Its revenue for the year rose 33% to INR 315.54 billion. The company declared its March quarter results after market hours Friday. Shares of NMDC closed at INR 87.99 on the National Stock Exchange, down 4.7%. End
Edited by Akul Nishant Akhoury
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