Latest news with #NMDCSteel
The Hindu
2 days ago
- Business
- The Hindu
NMDC eyeing 55 MT iron ore output in FY26: CMD
State-owned NMDC is eyeing a record 55 million tonne iron ore production in the current fiscal. In 2024-25, the company's output of the key raw material for steel stood at 44.04 MT, while in the previous fiscal it touched a record 45.2 MT. For the quarter ended June in FY26, the production was more than 30% higher year-on-year at 11.99 MT. 'We are firmly targeting 55 million tonnes in FY26, by reaching this milestone we can stay on course for our 100 million-tonne goal by 2030,' CMD Amitava Mukherjee told a gathering on the occasion of Independence Day celebrations at NMDC Corporate Office here on Friday. August, for NMDC Steel, he said, was turning out to be a month of milestones with the company producing 11,205 tonne of hot metal in a single day; reporting ₹25.7 crore profit after tax for first-quarter ended June; and successfully rolling out of 1.2 mm thick hot rolled coil. 'NSL has inherited this deep sense of responsibility to the people and the planet from NMDC,' he said about the demerged entity. who is the CMD of NSL, said 'every tonne of ore we mine, every coil of steel we produce and every decision we take as an organisation carries the weight of national trust.'
Business Standard
4 days ago
- Business
- Business Standard
NMDC Steel soars after reporting turnaround Q1 outcome
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.
Business Standard
4 days ago
- Business
- Business Standard
NMDC Steel reports standalone net profit of Rs 25.56 crore in the June 2025 quarter
Sales rise 66.36% to Rs 3365.22 crore Net profit of NMDC Steel reported to Rs 25.56 crore in the quarter ended June 2025 as against net loss of Rs 547.25 crore during the previous quarter ended June 2024. Sales rose 66.36% to Rs 3365.22 crore in the quarter ended June 2025 as against Rs 2022.91 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 3365.222022.91 66 OPM % 12.11-19.83 - PBDT 293.98-533.35 LP PBT 36.14-772.01 LP NP 25.56-547.25 LP
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Business Standard
5 days ago
- Business
- Business Standard
NMDC Steel shares jump 19% in trade; what's boosting investor interest?
NMDC Steel shares spiked 18.8 per cent on Wednesday, August 13, 2025, logging an intra-day high at ₹42.7 per share on BSE. The stock was in demand after the company released its June quarter (Q1FY26) results on Tuesday, post-market hours. 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.
Business Upturn
5 days ago
- Business
- Business Upturn
NMDC Steel shares rally over 12% as Q1 revenue jumps 18.6% YoY to Rs 3,365.00 crore
By Aman Shukla Published on August 13, 2025, 09:29 IST NMDC Steel shares surged over 12% following the company's robust Q1 results, signalling strong investor confidence in its recent performance. The steel producer reported a significant quarter-on-quarter revenue increase of 18.6%, reaching Rs 3,365 crore compared to Rs 2,838 crore in the previous quarter. This growth in top-line was accompanied by a remarkable turnaround in profitability. NMDC Steel posted a net profit of Rs 25.60 crore, bouncing back from a net loss of Rs 473 crore in the preceding quarter. Ebitda, a key indicator of operational efficiency, also reflected a dramatic improvement, rising to Rs 408 crore from a loss of Rs 291 crore in the previous period. The company's Ebitda margin stood at a healthy 12.1%. On the stock front, NMDC Steel shares opened at Rs 40.04 and traded in the range of Rs 39.35 to Rs 41.50 during the day, significantly higher than the previous close of Rs 35.85. Despite this strong performance, the stock is still below its 52-week high of Rs 56.25, while comfortably above the 52-week low of Rs 32.13. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
