NMDC (526371) Q2 26/27 earnings summary

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.