Summary of Key Information:
Reporting Period: Quarter ended 30.06.2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results and Limited Review Report
Audit Opinion:
Clean opinion - No modifications or qualifications in the Limited Review Report
Key Financial Highlights [₹ Crore]:
Standalone Results:
Revenue from Operations: ₹3,661.84 crore (Q1 FY27) vs ₹3,365.22 crore (Q1 FY26) - 8.8% YoY increase
Total Income: ₹3,704.73 crore (Q1 FY27) vs ₹3,385.22 crore (Q1 FY26)
Net Profit: ₹50.51 crore (Q1 FY27) vs ₹25.56 crore (Q1 FY26) - 97.5% YoY increase
EPS: ₹0.19 (Q1 FY27) vs ₹0.09 (Q1 FY26)
Other Equity: ₹10,297.74 crore
Borrowings: ₹5,056.15 crore
Total Interest on Borrowings: ₹126.38 crore
Financial Ratios:
Debt equity ratio: 0.38
Debt service coverage ratio (DSCR): 0.17 (Not Annualized)
Interest service coverage ratio (ISCO): 1.59 (Not Annualized)
Comparative Performance:
Previous quarter (Q4 FY26): Revenue ₹3,879.00 crore, Net Profit ₹391.91 crore
Full year FY26: Revenue ₹13,641.81 crore, Net Profit ₹58.72 crore
Segment-wise Performance:
The Company is engaged in manufacturing of Iron and Steel Products, which is the only reportable segment. Segment-wise reporting is not applicable as per Ind AS 108.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes announced.
Debt Facilities:
1. Rupee Term Loan: ₹4,476.20 crore sanction from State Bank of India
- Amount drawn: ₹4,475.81 crore
- Outstanding as on 30.06.2026: ₹3,177.27 crore after repayment of ₹1,298.54 crore
- Interest rate: 8.40% p.a. effective from 12.01.2026 (linked to 3 months MCLR)
- Security: Hypothecation of entire fixed assets including Plant and Machinery, first charge on entire cash flows
- Repayment: 30 structured quarterly installments starting from March 2024 by June 2031
- No defaults in repayment of borrowings and interest
2. Working Capital Limit: ₹4,100 crore (Fund based: ₹2,600 crore, Non-Fund based: ₹1,500 crore)
- Utilization as on 30.06.2026: ₹1,870.73 crore (Fund based), ₹1,005.64 crore (Non-Fund based)
- Interest rate: 8.40% p.a. effective from 12.01.2026
- Security: First ranking Pari passu charge on all Current Assets both present and future
GST Dispute:
- GST Authorities conducted audit for period July 2017 to March 2021
- Show cause notices issued for inadmissible ITC amounting to ₹111.10 crore plus interest & penalty
- Current status: ₹8.45 crore accepted and paid, ₹45.90 crore dropped, ₹56.40 crore pending litigation before Hon'ble High Court, Bilaspur, ₹0.35 crore under appeal
- Interest of ₹0.09 crore has been paid
- NMDC Ltd is filing appeals as per demerger scheme for pre-demerger period matters
Strategic Disinvestment:
- Cabinet Committee on Economic Affairs (CCEA) gave in-principle approval for strategic disinvestment on October 27, 2016
- Demerger of NISP from NMDC approved on October 14, 2020
- Government of India plans to divest 50.79% shareholding in NMDC Steel Limited along with management control to strategic buyer
- Additionally, 10% stake will be offered to NMDC Limited after strategic buyer identification
Other Significant Information:
- The Company has no Subsidiary/JV/Associates as on 30th June 2026
- Figures for previous periods have been regrouped wherever necessary
- Equitable Mortgage of Land (excluding forest land) yet to be formalized as per sanction terms
Entities in Consolidation:
No subsidiaries, joint ventures, or associates - standalone entity only
Exceptional Items:
No exceptional items reported for the quarter
Accounting Policy Changes:
No changes in accounting policy affecting comparability
Management Outlook:
No specific forward-looking guidance or management outlook provided