NMDC Q4 net profit surges 35%, FY26 revenues soar to all-time highs

Hyderabad: State-owned iron ore miner major NMDC Ltd reported a 35% rise in consolidated net profit for the fourth quarter ended March 31, 2026, at ₹2,020 crore compared with ₹1,496 crore in the same quarter of last financial year.The company’s revenues surged 61% to ₹11,173 crore during the quarter, up from ₹6,953 crore during the corresponding quarter of FY25.For the financial year 2025-26, NMDC recorded an 11% increase in consolidated net profit at ₹7,421 crore from ₹6,693 crore in FY25, while revenues climbed 33% to an all-time high of ₹31,554 crore from ₹23,668 crore.The miner said its outstanding performance was driven by robust production growth and disciplined execution. NMDC’s iron ore production soared 21% to a record 53.16 million tonnes for FY26, with sales up 13% to 50.24 million tonnes, underscoring both strong domestic steel demand and NMDC’s expanding capabilities, it said.NMDC Ltd hairman and anaging irector Amitava Mukherjee said the performance reflects a transition underway within the company from being a primarily high cash flow mining PSU to emerging as a larger-scale, capital-intensive resource enterprise with expanding operational and financial heft.“With record production, topline growth, strategic capital deployment, and stronger financial metrics across the board, NMDC closed FY26 with a momentum that places it in a distinctly higher league among India’s large public sector enterprises.”“We are determined to sustain this volume growth, enhance asset productivity, and build future-ready mining capacity,” added the Navratra PSU’s CMD.