NMDC Limited has announced its Q3 FY26 results, declared an interim dividend of ₹2.50 per share, and approved the incorporation of a wholly-owned subsidiary (WOS). The subsidiary will focus on acquisition, exploration, and production of critical minerals. NMDC’s standalone revenue from operations for Q3 FY26 stood at ₹7,610.79 crore, while profit after tax reached ₹1,747.01 crore.
Key Financial Highlights
NMDC Limited reported its unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Q3 FY26). Key highlights include:
- Revenue from operations: ₹7,610.79 crore
- Other Income: ₹372.59 crore
- Total Income: ₹7,983.38 crore
- Profit before tax: ₹2,374.84 crore
- Tax expense: ₹627.69 crore
- Profit for the period: ₹1,747.01 crore
Interim Dividend Declared
The Board of Directors declared a first interim dividend of ₹2.50 per equity share of face value of ₹1 each for the financial year 2025-26. The record date for determining shareholders eligible for the dividend is February 13, 2026.
Subsidiary Incorporation
The Board approved the incorporation of a wholly-owned subsidiary (WOS) of NMDC Limited. This new entity will focus on the acquisition, exploration, production, and other related activities concerning critical minerals. This move aims to strengthen NMDC’s position in the critical minerals sector.
Segment Performance
Key segment performance figures include:
- Iron Ore: Revenue of ₹6,022.83 crore and profit before tax of ₹2,168.06 crore.
- Pellet, Other Minerals, Products & Services: Revenue of ₹1,662.27 crore and profit before tax of ₹181.69 crore.
Emphasis on Matters
Several matters were emphasized, including:
- The Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, 2024, with a potential impact of ₹15,165.06 crores, is treated as a contingent liability.
- Recoverability of dues from NMDC Steel Limited (NSL), totaling ₹1,901.39 crores from demerger and ₹4,889.13 crores in trade receivables.
- Trade receivables from Rashtriya Ispat Nigam Limited (RINL), amounting to ₹4,104.59 crores.
Source: BSE
