NMDC Q1 Results: Profit Advances 33%, Revenue Drops

NMDC Ltd.'s consolidated net profit advanced 33% in the first quarter of fiscal 2026, according to an exchange filing on Tuesday.

The firm posted a bottom-line of Rs 1,967.46 crore as compared to Rs 1,483.18 crore in the year-ago period, it said.

• Revenue down 3.8% to Rs 6,738.86 crore versus Rs 7,004.59 crore

• Net profit up 33% to Rs 1,967.46 crore versus Rs 1,483.18 crore

• Ebitda up 21% to Rs 2,478.49 crore versus Rs 2,051.11 crore

• Margin at 36.8% versus 29.3%

The company had announced a significant reduction in its iron ore prices in July, signalling potential headwinds for the upcoming financial quarters. Prices have been cut by over 9% month-on-month, reflecting a broader softening in the iron ore market.

This price reduction is expected to have a direct negative impact on NMDC's revenue and profitability, and can cause a significant dent on the company's revenue per tonne, with the effects likely to be visible in this quarter and the next.

Shares of NMDC closed 0.21% higher at Rs 70.94 apiece on the NSE, compared to a 0.4% fall in the benchmark Nifty. The stock has fallen 7.32% in the last 12 months but rose 7.62% on a year-to-date basis.

Thirteen out of 23 analysts tracking the company have a 'buy' rating on the stock, four recommend 'hold' and six suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 6.3%.