NMDC, India’s largest iron ore producer, posted strong operational and financial growth in the first nine months of FY26. The company recorded its best-ever January performance in production and sales, supported by higher output, improved dispatches, and steady mining operations. It also marked a diversification milestone with the inauguration of its first coal mine in Jharkhand.
Record Production and Sales
NMDC produced 5.56 million tonnes of iron ore in January 2026 and sold 4.79 million tonnes. This represented year-on-year growth of 9% in production and 7% in sales. For the cumulative period up to January 2026, production rose to 42.65 million tonnes, up 19% from the previous year. Sales reached 39.73 million tonnes, reflecting 9.7% growth.
Strong Financial Performance
The company reported a sharp rise in revenue for the 9-month period of FY26. Revenue increased by 22% to ₹20,381 crore. Profit before tax stood at ₹7,280 crore, up 5%. Profit after tax rose 4% to ₹5,401 crore. EBITDA increased to ₹7,666 crore, registering 5% growth. NMDC also declared an interim dividend of ₹2.50 per equity share.
Operational Momentum and Diversification
The performance was driven by record volumes and sustained operational efficiency. NMDC said it remains on track to meet annual targets and set new benchmarks in the mining sector. The inauguration of the Tokisud North Coal Mine in Jharkhand added a new dimension to its portfolio and marked its entry into coal mining.
Significance for Mining Sector
NMDC’s results show the importance of scale, operational discipline, and diversification in India’s mining industry. The company’s growth reflects stronger demand conditions, efficient execution, and a broader strategic push towards responsible mining and sustainable expansion.
Last Modified: April 27, 2026