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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 Steel
NMDC Steel (NSLNISP) investor relations material
NMDC Steel 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
Q2 FY27 revenue from operations was ₹3,764.37 crore and net profit was ₹61.03 crore, versus a ₹114.78 crore net loss in Q2 FY26.
H1 FY27 revenue was ₹7,426.21 crore and net profit ₹111.54 crore, compared with a ₹89.22 crore net loss in H1 FY26.
Financial highlights
Q2 FY27 total income was ₹3,792.88 crore; total expenses were ₹3,690.16 crore, versus ₹3,411.03 crore and ₹3,593.68 crore, respectively, in Q2 FY26.
Q2 FY27 profit before tax was ₹102.72 crore, versus a ₹182.65 crore loss in Q2 FY26; tax expense was ₹41.69 crore versus a ₹67.87 crore tax credit.
H1 FY27 total income was ₹7,497.61 crore and total expenses ₹7,320.94 crore; H1 FY26 figures were ₹6,796.25 crore and ₹6,942.76 crore.
H1 FY27 operating cash flow was ₹162.04 crore, versus ₹847.40 crore in H1 FY26; investing cash outflow was ₹133.13 crore versus inflow of ₹99.57 crore.
Segment performance
Iron and steel products are the sole reportable segment and primary revenue source; segment-wise reporting is not applicable.
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Latest events from NMDC Steel
- Pre-commercial results; commissioning advanced, with Q2 FY2024 operations targeted.NSLNISP
Q4 22/23 - FY24 ramp-up delivered ₹3,049 crore revenue but a ₹1,560 crore net loss.NSLNISPQ4 23/24
- Q1 FY27 revenue grew year-over-year, with net profit at ₹50.51 crore and no loan defaults.NSLNISPQ1 26/27
- Quarterly revenue grew year-over-year, but losses widened; debt metrics improved.NSLNISPQ4 25/26
- Revenue grew and losses narrowed in Q3 FY26, with improved margins and lower leverage.NSLNISPQ3 25/26
- Revenue surged, but higher costs led to a net loss and margins remained under pressure.NSLNISPQ2 25/26
- Q1 FY25 revenue increased and net loss narrowed, with stable leverage and strong asset cover.NSLNISPQ1 24/25
- Q2 FY25 saw continued losses, negative margins, and tight liquidity amid ongoing disinvestment.NSLNISPQ2 24/25
- Q3 FY25 revenue grew, but losses widened; debt-equity rose and asset cover remains robust.NSLNISPQ3 24/25
Next NMDC Steel earnings date
Q3 26/272 Feb, 2027
NMDC Steel
Next NMDC Steel earnings date
Q3 26/272 Feb, 2027
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