On May 30, Indian state-owned miner NMDC released its Q4 FY2025-2026 results. In Q4 of the fiscal year (January 1 to March 31, 2026), NMDC's iron ore production was 16.272 million mt, up approximately 11% QoQ and 22% YoY; iron ore sales were 15.299 million mt, up approximately 20% QoQ and 21% YoY. The quarterly improvement in production and sales was primarily driven by a surge in March. In March 2026, NMDC's iron ore production was 5.35 million mt and sales were 5.9 million mt, up approximately 51% and 40% YoY respectively, driving both QoQ and YoY increases in Q4 production and sales.
For the full FY2025-2026 (April 1, 2025 to March 31, 2026), NMDC's iron ore production was 53.15 million mt, up 21% YoY; sales were 50.23 million mt, up 13% YoY. During the same period, the company's standalone after-tax profit was 74.21 billion rupees (approximately $868 million), up approximately 10.9% YoY; operating revenue was 315.54 billion rupees (approximately $3.69 billion), up approximately 33.3% YoY.
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