NMDC's Q2 FY 2025-26 Quarterly Results

Result Summary

• NMDC Ltd reported a 3.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 28.1%.
• Its expenses for the quarter were up by 2.4% QoQ and 22.8% YoY.
• The net profit decreased 13.7% QoQ and increased 40.9% YoY.
• The earnings per share (EPS) of NMDC Ltd stood at 1.93 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

## Company Overview
NMDC Ltd is a prominent player in the mining industry, primarily engaged in the exploration and production of iron ore, which is the company's main product. As a public sector enterprise, it holds a significant position in India, contributing to the country's steel production by supplying high-quality iron ore. The company is also involved in other mineral explorations and has interests in steel production. Notably, NMDC has been focusing on expanding its operational capacity and exploring new markets to strengthen its position in the mining sector. However, specific recent developments within the company are not detailed in the provided data.

## Revenue
In Q2FY26, NMDC Ltd reported a total income of ₹6761.43 crores, showing a quarter-over-quarter (QoQ) decline of 3.9% from ₹7038.97 crores in Q1FY26. However, on a year-over-year (YoY) basis, the total income increased by 28.1% from ₹5279.68 crores in Q2FY25. This indicates that while there was a decrease in revenue when compared to the preceding quarter, the company has experienced substantial growth over the past year. The revenue figures reflect the company's performance in the context of market conditions and demand for its primary product, iron ore.

## Profitability
Profitability for NMDC Ltd in Q2FY26 experienced a decline from the previous quarter but showed significant improvement over the past year. The profit before tax (PBT) stood at ₹2258.96 crores, decreasing by 14.5% QoQ from ₹2642.83 crores in Q1FY26. Despite this quarterly decline, the PBT rose by 39.9% YoY from ₹1614.21 crores in Q2FY25. The profit after tax (PAT) followed a similar trend, with a QoQ decrease of 13.7% from ₹1967.69 crores in Q1FY26 to ₹1698.04 crores in Q2FY26, and a YoY increase of 40.9% from ₹1205.30 crores in Q2FY25. The tax expense for the quarter was ₹576.03 crores, which decreased by 14.7% QoQ but increased by 37.7% YoY. These figures demonstrate the profitability dynamics of the company over the specified periods.

## Operating Metrics
The company's operating metrics indicate variations in performance. Total expenses for Q2FY26 were ₹4502.47 crores, which rose by 2.4% QoQ from ₹4396.14 crores in Q1FY26 and increased by 22.8% YoY from ₹3665.47 crores in Q2FY25. This suggests an increase in operational costs over time. The earnings per share (EPS) for Q2FY26 were ₹1.93, reflecting a QoQ decline of 13.8% from ₹2.24 in Q1FY26 and a significant YoY drop of 53.3% from ₹4.13 in Q2FY25. The decline in EPS despite improved profitability over the year suggests factors affecting shares outstanding or earnings allocations. These metrics provide insights into the operational efficiency and shareholder returns for NMDC Ltd during the quarter.