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News Details

03/02/2026 15:00

NMDC Steel posts Q3 net loss of Rs 243.97 cr

The company reported standalone net loss during the quarter stood at Rs 243.97 crore as compared to net loss of Rs 757.78 crore in the previous year quarter.

Net revenue of the company rose substantially by 41.90 per cent at Rs 3,007.69 crore in October-December quarter of this fiscal as against Rs 2,119.54 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 4.85 per cent to Rs 2,910.17 crore from Rs 2,775.55 crore in year ago period.

Other Income grew by 2.13 per cent at Rs 18.73 crore versus (Dec'24 Rs 18.34 crore).

Operating Profit surged by 114.87 per cent to Rs 97.52 crore as against Rs -656.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 110.47 per cent in December quarter.

Interest declined by 22.51 per cent y-o-y to Rs 128.11 crore, while Taxation decreased by 93.36 per cent at Rs -19.84 crore (Dec'24 Rs -298.69 crore).