NMDC iron ore output rises 23% in September; sales up nearly 10%

State-owned NMDC Limited, India’s largest iron ore producer, reported a sharp rise in production and sales for September 2025.

According to provisional figures, total iron ore production jumped 23.4% year-on-year

to 3.75 million tonnes (mt) from 3.04 mt a year ago, while sales grew 9.6% to 3.88 mt from 3.54 mt.

Breaking down the numbers, production from Chhattisgarh stood at 2.49 mt versus 1.89 mt last year, while Karnataka mines contributed 1.26 mt compared with 1.15 mt. On the sales front, Chhattisgarh accounted for 2.58 mt against 2.32 mt, and Karnataka delivered 1.30 mt compared with 1.22 mt in the same month last year.

For the first six months of FY26, NMDC’s cumulative production reached 22.20 mt, up from 17.47 mt in the same period of FY25, while sales climbed to 22.25 mt from 19.80 mt.

Adding to the performance context, the company had in August reported a revenue surge of 24.5% year-on-year in Q1 FY26 to ₹6,739 crore, outpacing Street estimates.

Also Read: NMDC Q1 Results | All metrics beat estimates; revenue jumps 25%, net profit flat at ₹1,968 cr

Net profit edged up 0.2% to ₹1,968 crore, while EBITDA rose 5.9% to ₹2,478 crore. Margins narrowed to 36.8% from 43.2% but still topped analyst expectations.

As of 2:46 pm on Wednesday, shares of the navratna PSU were trading flat at ₹76.32 on the NSE, recovering from an intraday low of ₹75.51.