NMDC Limited — PPTs, 12-08-2025: Investor Presentation

Here's a summary of NMDC's Q1 FY26 performance:

**Financial Highlights:**

NMDC reported robust Q1 FY26 revenue from operations at ₹6,634 Cr, a 23% year-on-year increase. Despite this, Profit After Tax (PAT) saw a slight 1% dip to ₹1,969 Cr, and EBITDA rose modestly by 2% to ₹2,777 Cr. This led to a compression in EBITDA margin to approximately 42% from 50.6% YoY, primarily due to a significant 45% jump in operational expenses, alongside higher royalty and additional levies. Average sales realization increased by 1% to ₹5,353/tonne. The company achieved record-breaking physical performance for Q1, with iron ore production surging 31% YoY to 119.94 lakh tonnes and sales growing 14% YoY to 115.17 lakh tonnes.

**Strategic Initiatives & Growth Drivers:**

The company's substantial increase in iron ore production and sales volumes highlights strong operational execution and improved capacity utilization, serving as key drivers for its top-line growth.

**Business Developments:**

The presentation does not detail any new acquisitions, partnerships, product rollouts, or vertical integrations during the quarter.

**Market Position & Competitive Advantage:**

NMDC's achievement of its best-ever Q1 production and sales figures underscores its strong market position and ability to leverage scale in the domestic iron ore sector.

**Investor Implications:**

Investors should note the strong underlying demand and impressive volume growth, indicating positive operational momentum. However, the subdued profit growth and margin compression due to rising costs warrant close monitoring. This presents a mixed picture with positive growth potential in volumes but execution risk to monitor regarding cost management.