NMDC Q1 revenue rises to ₹2,007 crore as iron ore manufacturing jumps 26%

The corporate stated its manufacturing improve mirrored larger capability utilisation and improved operations.

NMDC: Income And Revenue

NMDC’s turnover rose 2% to ₹6,795 crore in Q1 FY27 from ₹6,634 crore within the year-ago quarter.

Revenue earlier than tax elevated to ₹2,692 crore from ₹2,644 crore, whereas revenue after tax rose to ₹2,007 crore from ₹1,969 crore.

EBITDA stood at ₹2,817 crore, up 1% from ₹2,777 crore.

The stronger manufacturing development in contrast with gross sales means stock and offtake will stay vital because the 12 months progresses.

NMDC’s 60 MT Goal

NMDC Chairman and Managing Director Amitava Mukherjee stated the corporate had began FY27 with larger manufacturing and improved profitability.

“NMDC has begun FY27 on a powerful footing, with larger manufacturing and improved profitability reflecting the resilience of our operations and the self-discipline of our technique,” Mukherjee stated.

The corporate is concentrating on 60 MT of manufacturing in FY27 and plans to scale this as much as 100 MT by 2030.

“Our focus is now on scaling volumes, enhancing productiveness and unlocking better worth from our mineral assets,” Mukherjee stated.

Reaching 60 MT would require NMDC to take care of a excessive manufacturing tempo via the remaining three quarters.

The corporate stated it’s going to concentrate on quantity growth and productiveness as it really works in direction of its 2030 goal. NMDC is a key provider of iron ore to India’s metal trade, whereas the federal government can be pushing for better self-reliance in uncooked supplies.