India’s largest iron ore producer, NMDC, has reported its strongest operational and financial performance for the first nine months of the financial year 2025-26, signalling sustained demand for the steelmaking raw material amid global uncertainty.
The state-run miner produced 42.65 million tonnes of iron ore between April and January, a rise of 19 per cent from a year earlier, while sales climbed 9.7 per cent to 39.73 million tonnes.
January alone marked a high point. Output reached 5.56 million tonnes and dispatches stood at 4.79 million tonnes, translating into year-on-year growth of 9 per cent and 7 per cent respectively.
Financial results broadly tracked the production surge. Revenue increased 22 per cent to ₹20,381 crore, profit before tax rose 5 per cent to ₹7,280 crore, and profit after tax edged up 4 per cent to ₹5,401 crore. Earnings before interest, taxes, depreciation and amortisation grew 5 per cent to ₹7,666 crore.
The company has also announced an interim dividend of ₹2.50 per equity share, underscoring confidence in cash flows despite capital requirements typical of the mining sector.
Beyond iron ore, NMDC has begun widening its resource base.
January saw the inauguration of the Tokisud North coal mine in Jharkhand, the firm’s first coal asset, suggesting a gradual diversification strategy at a time when domestic demand for raw materials is expected to remain strong.
With record volumes already logged, the miner appears on course to meet its annual targets, reinforcing its position at the centre of India’s industrial supply chain.
