NMDC Steel Limited has returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹58.72 crore — a significant turnaround from the net loss of ₹2,373.78 crore recorded in the previous fiscal year. The company's revenue from operations for FY26 surged to ₹13,641.81 crore, compared to ₹8,503.05 crore in FY25, driven by robust operational performance. For the quarter ended March 31, 2026, the company posted a net profit of ₹391.91 crore against a loss of ₹473.39 crore in the same quarter of the previous year, on revenue of ₹3,879 crore versus ₹2,838.25 crore year-on-year.

The Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, at a meeting held on May 29, 2026. The auditors, M/s. Sharad & Associates, issued an unmodified opinion on the standalone financial results. However, the auditors noted that the company does not have the required number of Independent Directors on its Board as per Section 149 of the Companies Act, 2013, and Regulation 17 of the SEBI (LODR) Regulations. Consequently, the composition of the Audit Committee is also not in compliance with Regulation 18.

Financial Performance

The company's total income for FY26 stood at ₹13,727.81 crore, up from ₹8,574.56 crore in the previous year. Total expenses for the year were ₹13,652.03 crore, a decrease from ₹11,896.28 crore in FY25, which included exceptional items. Profit before tax for the year was ₹75.78 crore, a sharp improvement from the loss before tax of ₹3,321.72 crore in the prior year. The basic and diluted earnings per share (EPS) for FY26 was ₹0.20, compared to a loss of ₹8.10 per share in FY25.

Q4 Performance

NMDC Steel delivered a strong quarterly performance, with Q4 net profit rising to ₹391.91 crore against a loss of ₹473.39 crore in the same period of the previous year. The quarterly revenue of ₹3,879 crore compared to ₹2,838.25 crore year-on-year underscores the company's accelerating top-line growth.

Operational and Segment Details

NMDC Steel is engaged in the manufacturing of iron and steel products, which constitutes its only reportable segment. The finance cost for the year reduced to ₹486.64 crore from ₹651.94 crore in the previous year, contributing to the improved bottom line. The company's net worth as of March 31, 2026, stood at ₹13,173.20 crore.

Debt and Compliance

The company disclosed that it had fully repaid its Non-Convertible Debentures (NCDs) amounting to ₹523.80 crore along with accrued interest in August 2025, leaving no outstanding NCD amount as of March 31, 2026. The outstanding Rupee term loan as of the reporting date was ₹3,289.20 crore. The company confirmed there is no default in the repayment of borrowings and interest. The trading window for dealing in the company's securities, which was closed since April 1, 2026, will reopen on May 31, 2026.

NMDC Steel Limited has filed its mandatory regulatory disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year ended 31st March 2026. The government enterprise submitted the disclosure to stock exchanges on April 6, 2026, maintaining transparency in its shareholding structure.

Promoter Shareholding Details

The disclosure reveals the current shareholding pattern of the company's promoter entity. As a government enterprise, NMDC Steel Limited operates under the ownership structure typical of public sector undertakings.

Regulatory Compliance

The company confirmed full compliance with SEBI regulations during the financial year. The disclosure specifically states that the promoter made no encumbrance of shares, either directly or indirectly, throughout FY26. This transparency ensures adherence to substantial acquisition and takeover regulations.

Stock Exchange Filings

NMDC Steel Limited submitted the disclosure to multiple stock exchanges where its shares are listed. Company Secretary Aniket Kulshreshtha signed the filing on behalf of the company, while Joint Secretary Vinod Kumar Tripathi from the Ministry of Steel submitted the disclosure on behalf of the President of India.

Corporate Structure

As a Government of India enterprise, NMDC Steel Limited operates under the Ministry of Steel. The company maintains its registered office at NMDC Iron & Steel Plant, Nagarnar, District Bastar, Chhattisgarh. The Corporate Identity Number L27310CT2015GOI001618 reflects its incorporation as a government company in 2015.

The filing demonstrates the company's commitment to regulatory compliance and transparency in its operations as a public sector steel manufacturer. The substantial promoter holding of 60.79% reflects the government's continued strategic control over this important industrial asset.