NMDC Steel Limited , a Government of India Enterprise, has released its unaudited financial results for the second quarter and first half of the fiscal year 2026. The company's performance shows mixed results with improved revenue but continued losses.

Revenue Growth

NMDC Steel Limited reported a significant increase in its revenue from operations for Q2 FY2026:

The company's revenue for Q2 FY2026 grew by 9.31% year-over-year and 27.76% quarter-over-quarter, indicating a positive trend in its operations.

Half-Yearly Performance

For the first half of FY2026, NMDC Steel's revenue showed a decline compared to the previous year:

Financial Position

Despite the revenue growth in Q2, the company continues to face challenges:

• Net Loss: ₹147.25 crore for Q2 FY2026
• Earnings Per Share (EPS): ₹(0.39) basic EPS

Corporate Information

• Paid-up Equity Share Capital: ₹2,900.81 crore
• Listing: The company's shares are listed on BSE, NSE, and Calcutta Stock Exchange

Compliance and Transparency

In compliance with SEBI regulations, NMDC Steel Limited has published its financial results in 'The Hitavada' (English) and 'Pioneer' (Hindi) newspapers on October 30, 2025. This adherence to regulatory requirements demonstrates the company's commitment to transparency and timely disclosure of financial information to its stakeholders.

While the company has shown improvement in its quarterly revenue, the continued net losses and the decline in half-yearly revenue suggest that NMDC Steel Limited may be facing ongoing challenges in its operations. Investors and stakeholders may want to closely monitor the company's future performance and any strategic initiatives to address these financial hurdles.

NMDC Steel , a prominent player in the Indian steel industry, has reported a significant improvement in its financial performance for the fourth quarter, showcasing resilience amidst challenging market conditions.

Revenue Growth

The company announced a robust 34% increase in its Q4 revenue, reaching Rs 2,838.00 crore. This substantial growth indicates strong market demand and potentially improved production output during the quarter.

Narrowing Losses

NMDC Steel has made notable progress in reducing its losses:

• EBITDA Loss: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) loss contracted significantly to Rs 291.00 crore, down from Rs 656.00 crore in the previous quarter. This represents a 55.6% reduction in EBITDA loss, suggesting improved operational efficiency.

• Net Loss: The net loss for the quarter stood at Rs 473.00 crore, a substantial improvement from the Rs 758.00 crore loss reported in the previous quarter. This 37.6% reduction in net loss indicates the company's efforts in cost management and operational optimization are yielding results.

Market Response

The positive financial results were well-received by the market. NMDC Steel's share price responded favorably, rising nearly 3% in early trade. This uptick reflects investor confidence in the company's improving financial health and future prospects.

Financial Performance Overview

While NMDC Steel continues to face challenges, as evidenced by the ongoing losses, the significant improvements across key financial metrics suggest that the company is on a path to recovery. The substantial revenue growth, coupled with narrowing losses, indicates that the strategies implemented by the management are starting to bear fruit.

As the steel industry navigates through various market dynamics, NMDC Steel's performance in the coming quarters will be closely watched by investors and industry analysts alike.