India’s largest iron ore producer, the State-owned NMDC reported consolidated net profit for the December quarter declined almost 8% to ₹1,747.01 crore compared to ₹1,896.66 crore a year earlier.
The lower net profit came on a nearly 16% increase in revenue from operations to ₹7,610.79 crore (₹6,567.83 crore). Total expenditure was higher at ₹5,608.54 crore (₹4,359.07 crore).
₹2.50 interim dividend
The company has declared a first interim dividend of ₹2.50 per equity share (face value of ₹1 each) for 2025-26. Besides approving the dividend, the Board meeting on Tuesday also gave its nod for NMDC’s proposal of incorporation of a wholly-owned subsidiary for the acquisition, exploration, production and other related activities of critical minerals. The setting up of the subsidiary will be subject to approval of Ministry of Steel, DIPAM and any other authority as may be required, the company said.
For the nine months ended December, NMDC’s net profit increased to ₹5,397.12 crore (₹5,055.64 crore). Revenue from operations stood at ₹20,727.76 crore (₹16,900.93 crore).
In a separate filing, the company said iron ore production for January was 9% higher at 5.56 million tonnes compared to 5.10 MT in the same period of previous fiscal. Sales rose to 4.79 MT (4.48 MT). For the 10 months ended January, the production of the key raw material for steel increased to 42.45 MT (35.87 MT) and sales to 39.73 MT (36.22 MT).
NMDC is eyeing more than 50 million tonnes iron ore production this fiscal, CMD Amitava Mukherjee said last month. The company had recently commenced mining operations in Tokisud North Coal Block, Jharakhand, thus adding a new commodity, new mine and new geography to its portfolio. “And, this is just the start of our plans for the year,” he said.
Published – February 04, 2026 12:23 am IST
