NMDC Steel Q2 results: Shares tank despite narrowing of net loss, revenue doubling

NMDC Steel Ltd reported a significant improvement in its second-quarter earnings, with the consolidated net loss narrowing to ₹115 crore from ₹595.4 crore in the same quarter last year.

This marks nearly 81% year-on-year reduction in losses, reflecting an improvement in the company’s financial performance.

Revenue for the

July–September period stood at ₹3,390 crore, up over 123% year-on-year from ₹1,522 crore, underscoring strong growth in operational scale and market reach.

The company also reported an EBITDA of ₹208 crore against an EBITDA loss of ₹441 crore in Q2 FY25, with margins at 6.13%.

Also Read: NMDC Q2 Results: Margins expand from last year but miss expectations, topline beats

NMDC Steel, a subsidiary of the state-run NMDC Ltd, operates a 3 million tonne per annum (MTPA) integrated steel plant at Nagarnar in Chhattisgarh, producing low carbon steel, HSLA and dual-phase steel, as well as API-grade products.

NMDC Steel is a government-owned company under the Ministry of Steel that operates a 3.0 MTPA steel plant in Nagarnar, Chhattisgarh, producing a variety of steel products. It is a subsidiary of the larger NMDC (National Mineral Development Corporation), India’s largest iron ore producer.

Despite a healthy Q2 earnings show, shares of NMDC Steel tanked over 6% on the NSE post results.