NMDC Reports Record-Breaking Q2 FY26: Production Peaks, Revenue Jumps 30% on Robust Steel Demand
India’s largest iron ore producer posts its best-ever quarterly performance with historic highs in production, sales, and profitability
Amid strong domestic steel demand and resilient mining operations, NMDC Limited has delivered its best-ever second quarter in FY26, achieving all-time highs in both production and sales volumes. The company also reported impressive growth across all key financial parameters.
During Q2 FY26, NMDC’s iron ore production stood at 10.21 million tonnes, up 23% year-on-year, while sales volumes reached 10.72 million tonnes, marking a 10% increase over Q2 FY25.
Q2 FY26 | Q2 FY25 | Growth | |
| Production (in MT) | 10.21 | 8.29 | 23% |
| Sales (in MT) | 10.72 | 9.73 | 10% |
| Turnover (Rs. in crore) | 6,261 | 4,807 | 30% |
| PAT (Rs. in crore) | 1,694 | 1,269 | 33% |
| PBT (Rs. in crore) | 2,271 | 1,687 | 35% |
| EBITDA (Rs. in crore) | 2,385 | 1,801 | 32% |
The company’s strong operational performance translated into robust financial results for the quarter. Turnover surged 30% to ₹6,261 crore, while Profit Before Tax (PBT) rose 35% to ₹2,271 crore and Profit After Tax (PAT) grew 33% to ₹1,694 crore. NMDC’s EBITDA also witnessed a 32% jump to ₹2,385 crore, underscoring operational efficiency and cost optimization.
Commenting on the results, Amitava Mukherjee, Chairman and Managing Director, NMDC, said: “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. Going forward, our strategic efforts are guided by the responsibility to achieve self-sufficiency in steelmaking raw materials while also reaching net-zero emissions.”
With sustained growth momentum, NMDC continues to play a pivotal role in strengthening India’s iron ore and steel ecosystem, supporting the government’s vision of self-reliant and sustainable industrial development.
