State-owned miner NMDC Ltd reported strong earnings for the quarter ended September 30, 2025 (Q2 FY26), posting a 41% year-on-year (YoY) rise in consolidated net profit to Rs 1,698.86 crore, up from Rs 1,195.83 crore in the same period last year.
Revenue from operations jumped 29.7% YoY to Rs 6,378.11 crore, compared to Rs 4,918.91 crore in Q2 FY25. Including other income, total income for the quarter stood at Rs 6,761.43 crore, up from Rs 5,279.68 crore last year.
Operational highlights
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EBITDA: Rs 20 billion, compared to Rs 14.4 billion last year
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EBITDA Margin: 32.01% vs 29.97% YoY (estimate: 34%)
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Profit before tax: Rs 2,258.96 crore, up from Rs 1,614.21 crore last year
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Total expenses: Rs 4,502.47 crore, rising from Rs 3,665.47 crore in the same quarter of FY25
The improvement in EBITDA and profitability was driven by higher sales volumes and better realizations amid stable cost control measures.
Half-yearly performance
For the half year ended September 2025, NMDC reported a net profit of Rs 3,666.60 crore, up from Rs 3,182.34 crore in the same period of FY25. Total income for the half year stood at Rs 13,800.40 crore, reflecting steady operational growth.
Outlook
The company’s management continues to focus on expanding mining capacity and improving logistics efficiency. NMDC remains a key beneficiary of India’s infrastructure push and rising steel demand, positioning it well for sustainable earnings momentum in the coming quarters.
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