Net profit for the quarter stood at ₹2,017.6 crore, compared with ₹1,483.2 crore in the corresponding period last year.
Revenue from operations surged 61.9% year-on-year to ₹11,343.1 crore during the quarter, from ₹7,004.6 crore a year earlier.
The Navratna public sector company’s EBITDA rose 28.9% to ₹2,643.5 crore from ₹2,051.1 crore in the year-ago quarter. However, EBITDA margin narrowed to 23.3% from 29.3% a year ago.
Iron ore and steel businesses drive growth
NMDC reported strong growth across key business segments during the quarter.
Revenue from the iron ore segment rose to ₹7,455.8 crore in the March quarter, compared with ₹6,350.5 crore a year ago.
Revenue from HR Coil & Sheets jumped sharply to ₹2,947.3 crore from ₹102.9 crore in the corresponding period last year, while revenue from pellets and other minerals, products and services increased to ₹1,115.6 crore from ₹559.2 crore.
Dividend announced
NMDC’s Board of Directors recommended a final dividend of ₹1 per equity share of face value ₹1 each for FY26, subject to shareholder approval at the upcoming Annual General Meeting.
This is in addition to the interim dividend of ₹2.50 per share already declared and paid during the financial year.
Also Read: Glenmark Pharma Q4 net profit zooms to ₹301 crore; recommends 250% dividend
NMDC, India’s largest iron ore producer, saw its shares close 4.2% lower at ₹88.40 on the NSE ahead of the earnings announcement.
(Edited by : Prashant)
First Published: May 29, 2026 9:36 PM IST
