NMDC Q4 profit jumps 36% as iron ore and steel business powers growth

State-owned iron ore miner NMDC Ltd 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.

Iron ore and steel businesses drive growth

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.

Dividend announced

NMDC’s Board of Directors recommended a final dividend of ₹1 per equity share of face value ₹1 each for FY26, subject to shareholder approval at the upcoming Annual General Meeting.

This is in addition to the interim dividend of ₹2.50 per share already declared and paid during the financial year.

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NMDC, India’s largest iron ore producer, saw its shares close 4.2% lower at ₹88.40 on the NSE ahead of the earnings announcement.

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