However, profit after tax saw a marginal dip of 1% to Rs 1,969 crore compared to Rs 1,984 crore in Q1 FY25, reflecting increased expenses despite the higher topline.
EBITDA, meanwhile, stood at Rs 2,777 crore, up 2% from Rs 2,725 crore a year earlier, with margins improving slightly to 42%. Total income for the quarter came in at Rs 6,932 crore, marking a 21% increase from Rs 5,743 crore in the year-ago period.
Operationally, NMDC’s iron ore production rose 31% to 119.94 lakh tonnes (LT) in Q1 FY26 from 91.89 LT last year. Iron ore sales also registered a healthy growth of 14% to 115.17 LT compared to 100.73 LT in Q1 FY25, underscoring strong demand and efficient production ramp-up.
NMDC has significant investments in subsidiaries, joint ventures, and associate companies, amounting to a total of Rs 1,302.68 crore.
Domestically, the company holds a 95.86% stake in Jammu & Kashmir Mineral Development Corporation (JKMDC) and a 100% stake in both VSL, with an investment of Rs 0.10 crore, and NMDC CSR Foundation (NCF) at Rs 2 crore. It also owns majority stakes in NCL (51%) and BRPL (52%), with investments of Rs 285.69 crore and Rs 152.67 crore, respectively. Additionally, NMDC has a 6.40% stake in Krishnapatnam Railway Company Ltd, valued at Rs 40 crore.Internationally, NMDC holds a 25.94% stake in ICVL, worth Rs 378.86 crore, and a 92.84% stake in Australia-based Legacy Iron Ore, valued at Rs 443.34 crore.Also read: Paytm shares surge 5% to 52-week high as RBI grants payment aggregator licence to subsidiary
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