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NMDC Steel shares jump 19% in trade; what's boosting investor interest?
At 11:06 AM, the NMDC Steel share price was trading 18.43 per cent higher at ₹42.54 per share. In comparison, the Sensex was 0.3 per cent higher at 80,476.25.
NMDC Steel Q1 results
NMDC Steel reported a net profit of ₹25.56 crore for Q1FY26, compared to a net loss of ₹547.25 crore in the year-ago period.
Revenue from operations rose 66.3 per cent year-on-year (YoY) to ₹3,365 crore in Q1FY26 from ₹2,023 crore in Q1FY25.
Its total income for the quarter under review came in at ₹3,349.08 crore, as against ₹2,815.74 crore year-on-year (Y-o-Y).
Promoters of NMDC Steel have a 60.79 per cent stake in the company at the end of the June quarter. Mutual Funds do not have a significant stake in the company, although Life Insurance Corporation of India (LIC) had a 14 per cent stake in NMDC Steel at the end of the June quarter.
Foreign Portfolio Investors (FPIs) had a stake over 4 per cent in NMDC Steel. Check List of Q1 results today
About NMDC Steel
NMDC Steel Limited is a state-owned company under the administrative control of the Ministry of Steel, Govt of India. The company owns and operates 3.0 MTPA steel plant at Nagarnar, Chhattisgarh.
The steel plant has been built at a cost of approximately ₹24,000 crore and is set to establish its mark in the Hot Rolled market with its repertoire of high-grade Hot Rolled steel that is slated to meet the requirements of several key consuming sectors on the strength of its technology that includes its most modern Mill.
The product mix of Nagarnar Steel Plant consists of low carbon steel, HSLA & Dual Phase Steel and API quality steel that can be rolled in to thickness range from 1mm to 16 mm.
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