NMDC Limited has released its official corporate investor presentation for Q3 FY26, showcasing a mixed performance with record operational achievements offset by profitability challenges. The iron ore mining company demonstrated strong production capabilities and revenue growth while facing margin pressures in a challenging market environment.

Record Operational Performance

NMDC achieved exceptional operational milestones during Q3 FY26, with iron ore production reaching a record quarterly level of 146.84 lakh tonnes, representing a 10% increase from 132.91 lakh tonnes in Q3 FY25. Iron ore sales also performed strongly at 127.07 lakh tonnes, marking a 6% year-over-year growth from 119.36 lakh tonnes in the corresponding period.

Financial Performance Overview

The company reported revenue from operations of ₹748.6 billion in Q3 FY26, achieving a robust 15% increase from ₹653.1 billion in Q3 FY25, marking the best-ever Q3 revenue performance. However, profitability metrics faced headwinds, with profit after tax declining 11% to ₹173.8 billion from ₹194.4 billion in the previous year.

Margin Pressure and Market Challenges

Despite strong volume performance, NMDC faced significant margin compression during the quarter. The company's EBITDA margin declined to 33% from 43% in the previous year, primarily driven by a 13% decline in average sales realization to ₹4,681 per tonne from ₹5,361 per tonne. This reflects challenging market conditions in the iron ore sector and pricing pressures.

Nine-Month Performance Highlights

For the nine-month period, NMDC delivered exceptional operational performance with record production of 368.86 lakh tonnes, up 20% year-over-year, and sales of 349.40 lakh tonnes, representing a 10% increase. Revenue from operations reached ₹2,038.1 billion, marking a 22% increase, while profit after tax grew 4% to ₹540.1 billion.

Regulatory Compliance and Publication

NMDC has fulfilled its regulatory obligations by publishing the unaudited financial results for Q3 FY26 in leading newspapers including Financial Express (English), Vaartha (Telugu), and Daily Hindi Milap (Hindi). The publication was made pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and compliance with stock exchange requirements.

NMDC has reported robust operational performance for January 2026, showcasing significant growth in both iron ore production and sales compared to the corresponding period in the previous year. The mining giant's latest operational update reflects strong momentum in its core business activities.

Production Performance

The company achieved notable growth in iron ore production during January 2026, with output reaching 5.56 million tonnes compared to 5.10 million tonnes recorded in January 2025. This represents a substantial year-over-year increase of 9.02%, demonstrating the company's enhanced operational capabilities and efficient resource utilization.

Sales Achievement

NMDC's sales performance also showed positive trajectory during the review period. The company recorded iron ore sales of 4.79 million tonnes in January 2026, marking an improvement from 4.48 million tonnes achieved in January 2025. This translates to a year-over-year growth of 6.92% in sales volume.

Operational Efficiency

The simultaneous growth in both production and sales volumes indicates NMDC's ability to effectively convert increased production into market sales. The company maintained strong operational efficiency while meeting market demand for iron ore during January 2026. This performance reflects the mining company's continued focus on optimizing its production processes and maintaining steady supply to customers.