Hyderabad: State-owned iron ore miner NMDC Ltd has reported a consolidated net profit of ₹2,020 crore for the fourth quarter ended March 31, 2026, marking a 35% increase compared to ₹1,496 crore in the same quarter of the previous financial year. The company's revenue surged 61% to ₹11,173 crore during the quarter, up from ₹6,953 crore in the corresponding quarter of FY25.
Annual Performance Highlights
For the financial year 2025-26, NMDC recorded an 11% increase in consolidated net profit at ₹7,421 crore, up from ₹6,693 crore in FY25. Revenue climbed 33% to an all-time high of ₹31,554 crore from ₹23,668 crore in the previous year. The miner attributed its outstanding performance to robust production growth and disciplined execution.
Record Production and Sales
NMDC's iron ore production soared 21% to a record 53.16 million tonnes for FY26, while sales increased 13% to 50.24 million tonnes. These figures underscore both strong domestic steel demand and NMDC's expanding capabilities, the company stated.
Chairman and Managing Director Amitava Mukherjee said the performance reflects a transition underway within the company from being a primarily high cash flow mining public sector undertaking to emerging as a larger-scale, capital-intensive resource enterprise with expanding operational and financial heft. He noted that 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.
Mukherjee added that the company is determined to sustain this volume growth, enhance asset productivity, and build future-ready mining capacity.
