India's NMDC sees consolidated net profit rise by 2% in Q1 FY 2026-27

Monday, 17 August 2026 09:51:52 (GMT+3)   |   Kolkata

Indian government-run iron ore miner NMDC Limited achieved a consolidated net profit of INR 20.05 billion ($209.82 million) in the first quarter (April-June) of the fiscal year 2026-27, a rise of two percent year on year, according to a company statement on Monday, August 17.

The company reported a total income during the quarter at INR 71.42 billion ($748.23 million), a rise of 1.5 percent year on year.

In the first quarter, NMDC Limited recorded iron ore production of 15.12 million mt, a rise of 26 percent year on year, while sales showed a growth of two percent to 11.52 million mt.

AjoyDas
Ajoy Das
Editor

I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.


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