NMDC's Q1 FY 2026-27 Quarterly Results

Result Summary

• NMDC Ltd reported a 39.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 1.5%.
• Its expenses for the quarter were down by 50.0% QoQ and up 1.3% YoY.
• The net profit decreased 2.5% QoQ and increased 0.4% YoY.
• The earnings per share (EPS) of NMDC Ltd stood at 2.25 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

NMDC Ltd, formerly known as National Mineral Development Corporation, is a state-controlled mineral producer in India. It primarily engages in the exploration and production of iron ore, which is its flagship product. Additionally, NMDC is involved in the extraction of other minerals such as copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. The company operates several iron ore mines in the country, including some of India’s largest. As a major player in the mining industry, NMDC holds a significant position due to its contributions to the mineral supply chain within India and beyond. There are no recent major developments available from the data provided here.

Revenue

In the first quarter of fiscal year 2027 (Q1FY27), NMDC Ltd reported a total income of ₹7142.54 crores. This reflects a decrease from the previous quarter (Q4FY26), where total income stood at ₹11775.49 crores, representing a quarter-over-quarter (QoQ) decline of 39.3%. However, when compared to the same quarter in the previous year (Q1FY26), there is a slight increase of 1.5%. The revenue figures suggest notable variations in NMDC's quarterly earnings, with a substantial drop in income in the most recent quarter compared to the immediately preceding one.

Profitability

NMDC Ltd's profit before tax for Q1FY27 was ₹2691.09 crores, marking a decrease of 6.3% QoQ from ₹2872.85 crores in Q4FY26. On a year-over-year (YoY) basis, there is a slight increase of 1.8% from ₹2642.83 crores in Q1FY26. Profit after tax for Q1FY27 was reported at ₹1976.23 crores, showing a modest decline of 2.5% QoQ from ₹2027.17 crores in the previous quarter. YoY, the profit after tax reflects a marginal increase of 0.4% from ₹1967.69 crores. The earnings per share (EPS) for Q1FY27 was ₹2.25, down 2.6% from the previous quarter but up 0.4% from the same quarter last year.

Operating Metrics

The total expenses for NMDC Ltd in Q1FY27 were ₹4451.45 crores, a significant reduction of 50.0% QoQ from ₹8902.64 crores in Q4FY26. Compared to Q1FY26, there is a slight increase of 1.3% from ₹4396.14 crores. The tax expense for the current quarter was ₹685.25 crores, which is a decrease of 19.9% QoQ from ₹855.08 crores in Q4FY26 and a 1.5% increase YoY from ₹675.31 crores in Q1FY26. The data reflects a considerable reduction in operating expenses on a quarterly basis, while showing minor changes on a yearly basis.