NMDC May Update: Iron ore production surges 20% YoY, sales decline 7%

State-owned iron ore miner NMDC Limited on Monday (June 1) reported provisional iron ore production of 5.31 million tonnes (MT) in May 2026, up 19.9% from 4.43 MT a year earlier. Sales stood at 4.04 MT, down 6.9% from 4.34 MT in the same period last year.

In Chhattisgarh, production increased to 3.99 MT in May 2026 from 3.06 MT in May 2025, while sales rose to 3.34 MT from 3.00 MT. In Karnataka, production declined to 1.32 MT from 1.37 MT a year earlier, and sales fell to 0.70 MT from 1.34 MT.

On a

cumulative basis, up to May 2026, production stood at 9.96 MT compared with 8.43 MT in the corresponding period last year, while sales were 7.72 MT against 7.94 MT.

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Cumulative Chhattisgarh production rose to 7.66 MT from 5.91 MT, while sales increased to 6.50 MT from 5.78 MT. In Karnataka, cumulative production declined to 2.30 MT from 2.52 MT, and sales fell to 1.22 MT from 2.16 MT.

NMDC reported a 36% year-on-year rise in consolidated net profit for the fourth quarter ended March 2026, driven by strong growth across its iron ore and steel-related businesses. Net profit for the quarter stood at ₹2,017.6 crore, compared with ₹1,483.2 crore in the corresponding period last year.

Revenue from operations surged 61.9% year-on-year to ₹11,343.1 crore during the quarter, from ₹7,004.6 crore a year earlier. The Navratna public sector company’s EBITDA rose 28.9% to ₹2,643.5 crore from ₹2,051.1 crore in the year-ago quarter. However, EBITDA margin narrowed to 23.3% from 29.3% a year ago.

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NMDC reported strong growth across key business segments during the quarter. Revenue from the iron ore segment rose to ₹7,455.8 crore in the March quarter, compared with ₹6,350.5 crore a year ago.

Revenue from HR coil & sheets jumped sharply to ₹2,947.3 crore from ₹102.9 crore in the corresponding period last year, while revenue from pellets and other minerals, products and services increased to ₹1,115.6 crore from ₹559.2 crore.

Shares of NMDC Ltd ended at ₹92.60, up by ₹4.70, or 5.35%, on the BSE today, June 1.

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