NMDC Limited, India’s largest iron ore miner, on Friday reported its highest-ever quarterly revenue from operations of ₹11,173 crore for the fourth quarter of FY2025-26, a 61 per cent jump over ₹6,953 crore in the same quarter last year, driven by record production and a sharp surge in non-ore sales.

The state-owned miner also achieved its best-ever Q4 iron ore production of 162.72 lakh tonnes (LT), up 22 per cent year-on-year, and best-ever Q4 sales of 152.99 LT, a 21 per cent increase.

EBITDA for the quarter came in at ₹3,072 crore, 21 per cent higher than the year-ago period, while profit after tax rose 35 per cent to ₹2,020 crore. Average iron ore sales realization, however, slipped 5 per cent to ₹4,759 per tonne.

For the full year FY26, NMDC reported record revenues of ₹31,554 crore, up 33 per cent from ₹23,668 crore in FY25, surpassing its previous best of ₹25,965 crore set in FY22.

Annual iron ore production hit 531.58 LT, a 21 per cent rise and a new all-time high, with sales at 502.39 LT, up 13 per cent. Full-year PBT grew 9 per cent to ₹10,155 crore and PAT rose 11 per cent to ₹7,421 crore.

The company’s “Other Sales” category saw explosive growth — rising 690 per cent year-on-year to ₹6,831 crore for FY26 — likely reflecting contributions from pellet and trading operations.

The President of India holds a 60.79 per cent stake in NMDC, with LIC as the second-largest shareholder at 4.89 per cent.

NMDC shares were trading at ₹88.80 on the NSE at midday on June 1, 2026, up 0.92 per cent on the day, giving the company a market capitalisation of approximately ₹78,098 crore. The stock has gained nearly 25 per cent over the past year.

Published on June 1, 2026