NMDC Steel Ltd reported a significant improvement in its second-quarter earnings, with the consolidated net loss narrowing to ₹115 crore from ₹595.4 crore in the same quarter last year.
This marks nearly 81% year-on-year reduction in losses, reflecting an improvement in the company’s financial performance.
Revenue for the July–September period stood at ₹3,390 crore, up over 123% year-on-year from ₹1,522 crore, underscoring strong growth in operational scale and market reach.
The company also reported an EBITDA of ₹208 crore against an EBITDA loss of ₹441 crore in Q2 FY25, with margins at 6.13%.
Also Read: NMDC Q2 Results: Margins expand from last year but miss expectations, topline beats
NMDC Steel operates a 3 million tonne per annum (MTPA) integrated steel plant at Nagarnar in Chhattisgarh, producing low carbon steel, HSLA and dual-phase steel, as well as API-grade products.
NMDC Steel is a government-owned company under the Ministry of Steel that operates a 3.0 MTPA steel plant in Nagarnar, Chhattisgarh, producing a variety of steel products.
Despite a healthy Q2 earnings show, shares of NMDC Steel tanked over 6% on the NSE post results.
