India’s largest iron ore producer, NMDC Limited, has reported a strong performance for the second quarter of FY 2025-26, driven by record production and buoyant demand from the steel sector. The state-owned mining major produced 10.21 million tonnes of iron ore during Q2 FY26, a 23% increase over 8.29 million tonnes in the same quarter last year. Sales rose to 10.72 million tonnes, up 10% year-on-year.
The company’s turnover climbed 30% to ₹6,261 crore, compared to ₹4,807 crore in Q2 FY25. Profit After Tax (PAT) grew by 33% to ₹1,694 crore, reflecting operational efficiency and firm pricing. NMDC also reported a 32% rise in EBITDA to ₹2,385 crore, underpinned by strong domestic steel demand and optimized production processes. The company attributed the robust results to its strategic focus on operational excellence, cost control, and sustainable mining practices.
Commenting on the results, NMDC’s management said the company remains committed to enhancing productivity, supporting India’s steel sector, and progressing toward its long-term sustainability goals, including net-zero emissions. With strong momentum in production and sales, NMDC is expected to continue its growth trajectory in the coming quarters, backed by favorable market conditions and infrastructure expansion across the country.