NMDC (526371) Q1 26/27 earnings summary

Executive summary

• Consolidated revenue from operations for Q1 FY27 was ₹6,795.25 crore, with total income at ₹7,142.54 crore, showing stable performance year-over-year.

• Net profit after tax, non-controlling interest, and share of profit/loss of associates/JVs stood at ₹1,976.33 crore for the quarter.

• The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Financial highlights

• Standalone revenue from operations was ₹6,795.25 crore, with net profit at ₹2,007.27 crore for Q1 FY27.

• Consolidated EBITDA margin remained robust, with profit before tax at ₹2,691.09 crore.

• EPS for the quarter was ₹2.25 (consolidated, not annualized).

• Segment revenue: Iron Ore ₹6,802.12 crore, HR Coil & Sheets ₹2,947.31 crore, Pellets & Others ₹287.75 crore.

Outlook and guidance

• Management remains confident in the recoverability of large outstanding receivables from NMDC Steel Limited and Rashtriya Ispat Nigam Limited, supported by government revival plans and operational scale-up.

• Contingent liabilities may arise if the Karnataka Mineral Rights Tax Bill is enacted, but recourse provisions exist to recover from customers.