NMDC Steel surged 17.09% to Rs 42.06 after the company reported consolidated net profit of Rs 25.56 crore in Q1 FY26, compared with a net loss of Rs 547.25 crore in Q1 FY25.
Revenue from operations jumped 66.36% YoY to Rs 3,365.22 crore in Q1 June 2025.The firm reported pre-tax profit of Rs 36.14 crore in Q1 FY26 compared with pre-ax loss of Rs 772.01 crore recorded in Q1 FY25.
Total expenses increased 18.94% to Rs 3,349.08 crore in Q1 FY26, compared with Rs 2,815.74 crore in Q1 FY25. During the quarter, cost of material consumed stood at Rs 2,045.57 crore (up 10% YoY), employee benefit expenses stood at Rs 21.88 crore (up 3.01% YoY), finance cost was at Rs 133.68 crore (down 12.67% YoY).
NMDC Steel is engaged in manufacturing iron and steel products. The company owns and operates the state of the art 3.0 MTPA steel plant at Nagarnar, Chhattisgarh. As on 30th June 2025, the government of India held a 60.79% stake in the company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app