Record Iron Ore Demand Drives NMDC Profit Up 33%, Fuels India's Steel Growth
SDG 8: Decent Work and Economic Growth | SDG 9: Industry, Innovation and Infrastructure
Institutions: Ministry of Steel
NMDC Limited, India’s largest iron ore miner, reported its best-ever second quarter (Q2 FY’26) performance, underscoring strong domestic demand and resilient mining operations. The company achieved all-time high production and sales volumes, translating into robust financial growth compared to the same quarter last year (Q2 FY’25):
Profit After Tax (PAT) surged 33% to ₹1,694 crore.
Production Volume grew 23% to 10.21 Million Tonnes (MT).
Turnover (Revenue) increased 30% to ₹6,261 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) climbed 32% to ₹2,385 crore.
NMDC Chairman and MD, noted that the record performance makes NMDC a key enabler of India’s industrial aspirations. He affirmed the company’s strategic focus is guided by the responsibility to achieve self-sufficiency in steelmaking raw materials while also reaching net-zero emissions.
NMDC’s record production of 10.21 MT indicates a strong domestic supply pipeline for the Indian steel industry, directly supporting the ambitious expansion plans of steel manufacturers like SAIL and boosting the nation’s core industrial growth.
Iron ore is intrinsically linked to steel, but the high domestic demand for iron ore in India and the specific nature of NMDC’s operations have provided a degree of resilience that protected it from the severe Q2 profitability squeeze felt due to global steel prices by the finished steel producer, SAIL.
Follow the full news here: Strong Q2 for NMDC: Production Peaks, Revenue Surges 30%