NMDC Steel (NSLNISP) Q1 25/26 earnings summary

Executive summary

• Unaudited financial results for the quarter ended 30 June 2025 were reviewed and approved by the Board on 12 August 2025.

• Statutory auditors issued an unmodified limited review report on the financials for the quarter.

• The company operates a single segment: manufacturing and sale of iron and steel products.

Financial highlights

• Revenue from operations rose to ₹3,365.22 crore, up from ₹2,022.91 crore year-over-year and ₹2,838.25 crore sequentially.

• Net profit for the quarter was ₹25.56 crore, compared to a net loss of ₹547.25 crore in the same quarter last year and a net loss of ₹473.39 crore in the previous quarter.

• EBITDA margin improved to 12.71% from -9.57% sequentially and -18.80% year-over-year.

• EPS for the quarter was ₹0.09, compared to -₹1.87 year-over-year.

Outlook and guidance

• The company’s NCDs are rated ICRA BBB+ (Rating Watch with Developing Implications) and Ind A-/Negative; coupon rate revised to 9.05% effective 5 June 2024.

• NCDs are redeemable in full on 28 August 2025.

• Strategic disinvestment process is ongoing, with the government planning to divest its 50.79% stake.