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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
NMDC
NMDC (526371) investor relations material
NMDC Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary12 Nov, 2026
Executive summary
H1 FY27 production rose 23% YoY to 272.72 LT; iron ore sales were broadly flat at 222.13 LT, while revenue reached ₹13,433.48 crore versus ₹12,895.01 crore.
Q2 production hit a record 121.55 LT, up 19% YoY; revenue from operations was ₹6,638.23 crore versus ₹6,260.85 crore, while standalone profit was ₹1,666.67 crore versus ₹1,694.42 crore.
Financial highlights
H1 EBITDA was ₹5,253 crore, up 2% YoY, with a 39% margin versus 40%; standalone PBT was ₹4,953.22 crore and profit ₹3,673.94 crore, versus ₹4,914.72 crore and ₹3,663.04 crore.
Q2 EBITDA was ₹2,436 crore, up 2%, with a 37% margin versus 38%; standalone PBT was ₹2,260.57 crore versus ₹2,270.73 crore.
H1 total income rose 5% to ₹14,274 crore; Q2 total income rose 7% to ₹7,132 crore.
Consolidated net profit after tax, NCI and associates/JVs was ₹3,644.86 crore in H1 versus ₹3,666.60 crore; H1 consolidated PBT was ₹4,949.38 crore versus ₹4,901.79 crore.
Segment performance
Iron ore segment revenue was ₹5,956.52 crore in Q2 and ₹12,758.64 crore in H1; segment results were ₹2,161.86 crore and ₹4,792.49 crore, respectively.
Pellet, other minerals, products, services and others reported Q2 revenue of ₹884.70 crore and results of ₹52.05 crore; H1 revenue was ₹1,172.45 crore and results were ₹80.80 crore.
HR Coils and Sheets had no H1 FY27 transactions pending necessary approvals; Q2 segment result was a loss of ₹0.07 crore.
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Latest events from NMDC
- Record volumes lifted revenue, while buyback and market risks shaped FY17.526371
Q4 16/17 - Lower iron ore realizations cut FY23 earnings, despite output above 40 MT.526371Q4 22/23
- Record iron ore output and higher profit, amid expansion delays and a weak steel market.526371Q4 97/98
- Steel weakness cut earnings, but record diamond output and diversification plans offered offsets.526371Q4 98/99
- Record diamond output and higher profit amid steel-market weakness, with expansion underway.526371Q4 99/00
- Record mining output and profit, offset by project delays and market risks.526371Q4 02/03
- Record profits and iron ore sales, with expansion plans facing approval and royalty risks.526371Q4 03/04
- Record profit and 114.5% dividend; capacity expansion targets a cyclical iron ore market.526371Q4 04/05
- Record profits and domestic iron ore sales, alongside expansion plans and material operating risks.526371Q4 06/07
Next NMDC earnings date
Q3 26/2712 Feb, 2027
NMDC
Next NMDC earnings date
Q3 26/2712 Feb, 2027
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