NMDC Steel Q2 Results: Firm swings to black, posts ₹61 crore profit; margin expands
NMDC Steel returned to profitability in Q2 FY27, reporting a net profit of ₹61 crore against a loss of ₹115 crore a year ago. Revenue increased 11%, while EBITDA rose to ₹462.2 crore and the margin expanded to 12.3%.
State-owned NMDC Steel Ltd on Thursday reported a net profit of ₹61 crore for the second quarter of FY27, compared with a net loss of ₹115 crore in the corresponding quarter last year.Revenue grew 11% year-on-year to ₹3,764.4 crore from ₹3,390 crore in the year-ago period.Earnings before interest, tax, depreciation and amortisation more than doubled to ₹462.2 crore in the September quarter from ₹207.4 crore a year earlier. The EBITDA margin expanded to 12.3% from 6.1% in the corresponding quarter last year.ALSO READ | NMDC Steel Q1 net profit jumps 97.6% to ₹50.51 crore as govt searches buyer for stakeProfit before exceptional items and tax stood at ₹102.72 crore, against a loss of ₹182.65 crore in the corresponding quarter last year. There were no exceptional items during either period. Profit before tax was ₹102.72 crore, compared with a loss of ₹182.65 crore.Other income rose to ₹28.51 crore from ₹21.13 crore, taking total income to ₹3,792.88 crore against ₹3,411.03 crore a year earlier.NMDC Steel Limited operates solely in the manufacturing of iron and steel products and was demerged from its parent, NMDC Limited, as an independent entity.Shares of NMDC Steel Ltd ended at ₹40.68, down by ₹0.030, or 0.074%, on the BSE.ALSO READ | NMDC Steel shares fall 9% after a weak operating performance in Q1
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