NMDC Steel Posts 15% Gain as Firm Logs Rs 392-Crore Net Profit in Q4

NMDC Steel Sees Sharp Turnaround in Profitability

Shares of NMDC Steel surged nearly 15% in Monday's morning trade after the company reported a sharp turnaround in profitability for the March quarter and the full financial year FY26. The stock rose 14.88% to Rs 51.27 on the NSE at 10:17 am on June 1 as investors cheered the results that showed the transition from losses to profitability.

For the quarter ended March 31, 2026, NMDC Steel reported a net profit of Rs 391.9 crore, compared with a net loss of Rs 473.4 crore in the corresponding period last year. This significant improvement was driven by a 36.7% year-on-year increase in revenue from operations, which rose to Rs 3,879 crore from Rs 2,838.3 crore. Profit before tax also showed a substantial improvement, standing at Rs 486.1 crore during the quarter against a loss before tax of Rs 664.3 crore a year earlier.

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The company's operating performance also reflected a significant improvement, with total income for the March quarter rising to Rs 3,905.1 crore from Rs 2,857.5 crore a year ago. Total expenses declined to Rs 3,419 crore from Rs 3,521.8 crore, supporting the return to profitability.

For the full year FY26, the company posted a net profit of Rs 58.7 crore, reversing a net loss of Rs 2,373.8 crore reported in FY25. Revenue from operations surged 60.4% to Rs 13,641.8 crore from Rs 8,503.1 crore in the previous financial year. The company's financial position also improved during the year, with borrowings declining to Rs 4,601.9 crore as of March-end from Rs 5,897.6 crore a year earlier, while finance costs fell to Rs 486.6 crore in FY26 from Rs 651.9 crore in FY25.