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Wednesday 13 Aug, 2025 02:54 PM

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NMDC Steel soars after reporting turnaround Q1 outcome

13-Aug-25 12:39 Hrs IST

Revenue from operations jumped 66.36% YoY to Rs 3,365.22 crore in Q1 June 2025.

The firm reported pre-tax profit of Rs 36.14 crore in Q1 FY26 compared with pre-ax loss of Rs 772.01 crore recorded in Q1 FY25.

Total expenses increased 18.94% to Rs 3,349.08 crore in Q1 FY26, compared with Rs 2,815.74 crore in Q1 FY25. During the quarter, cost of material consumed stood at Rs 2,045.57 crore (up 10% YoY), employee benefit expenses stood at Rs 21.88 crore (up 3.01% YoY), finance cost was at Rs 133.68 crore (down 12.67% YoY).

NMDC Steel is engaged in manufacturing iron and steel products. The company owns and operates the state of the art 3.0 MTPA steel plant at Nagarnar, Chhattisgarh. As on 30th June 2025, the government of India held a 60.79% stake in the company.

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