NMDC, India’s largest iron ore producer, announced its financial performance for the December-ending quarter (Q3FY26) today, February 3, reporting a consolidated net profit of ₹1,747 crore, which was 8% lower than the ₹1,896 crore posted in the same period last year, impacted by higher operating expenses.
Revenue from operations during the quarter under review came in at ₹7,610 crore, a 16% jump compared to ₹6,567 crore reported in the corresponding quarter of the previous financial year.
At the operating level, the mining company reported an EBITDA of ₹2,144.3 crore, a 9.6% drop from ₹2,372 crore in Q3FY25. On the margins front, EBITDA margins narrowed by 790 basis points year-on-year to 28.2%, its earnings filing showed.
The net profit was impacted by a sharp rise in operating expenses, which increased to ₹5,608.54 crore from ₹4,359 crore in Q3FY25.
The company generated lower revenue from the iron ore segment, which declined to ₹6,022.83 crore from ₹6,434 crore in the year-ago period. However, revenue from pellets, other minerals, products, and services supported the top line, surging to ₹1,662 crore—a sharp 900% jump from ₹169 crore in Q3FY25.
Announces first interim dividend
Along with its December quarter results, the company announced a first interim dividend of ₹2.50 per share of face value ₹1 each for the financial year 2025–26. The company has also set Friday, February 13, as the record date to determine the eligibility of shareholders for the dividend payout.
Expanding into critical minerals
The company said it has approved a proposal to incorporate a wholly owned subsidiary (WOS) of NMDC Limited for the acquisition, exploration, production, and other related activities of critical minerals.
The proposal is subject to approvals from the Ministry of Steel, DIPAM, and any other authorities, as may be required.
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