NMDC's profit dips, but revenue hits new high: What's cooking
India's biggest iron ore producer, NMDC, just posted an 8% drop in profit for the December quarter—₹1,747 crore this time versus ₹1,897 crore last year.
But here's the twist: their revenue actually jumped 16% to ₹7,611 crore.
So while profits slipped a bit, business is still growing.
NMDC is all set to enter the lithium game
Even with rising costs (expenses shot up 29%), NMDC managed to boost its nine-month profit and rake in more revenue than last year.
They're sharing some of those gains too—announcing a ₹2.50 per share interim dividend.
Plus, they're planning to dive into critical minerals like lithium by setting up a new subsidiary (pending government green lights), which could mean big things for India's tech and EV future.
Iron ore production and sales on the rise
NMDC ramped up iron ore production in January 2026 — production was up ~9% and sales rose to 4.79 MT (from 4.48 MT) (~7%).
Their January numbers look even better—and they're eyeing more than 50 million tons for FY2025-26 (Apr 2025-Mar 2026).
With new mining projects kicking off in Jharkhand, NMDC is clearly betting big on India's growing demand for steel and infrastructure.