Board Meeting Details

The Board of Directors meeting was held on Thursday, 12th November 2026. The meeting commenced at 18:55 hrs (IST) and concluded at 19:10 hrs.

Financial Results (Quarter Ended 30-Sep-2026)

  • Revenue from Operations: ₹3,661.84 crore
  • Other Income: ₹42.89 crore
  • Total Income: ₹3,704.73 crore
  • Total Expenses: ₹3,630.78 crore
  • Cost of materials consumed: ₹2,509.37 crore
  • Employee benefit expense: ₹136.61 crore
  • Finance cost: ₹262.11 crore
  • Depreciation and amortization: ₹242.12 crore
  • Other expenses: ₹1,577.66 crore
  • Profit Before Exceptional Items and Tax: ₹75.78 crore
  • Exceptional Items: ₹176.67 crore
  • Profit Before Tax: ₹176.67 crore
  • Total Tax Expense: ₹65.13 crore
  • Profit for the Period: ₹61.03 crore
  • Other Comprehensive Income: ₹4.64 crore
  • Total Comprehensive Income: ₹61.06 crore
  • EPS (Basic and Diluted): ₹0.21

Financial Results (Half Year Ended 30-Sep-2026)

  • Revenue from Operations: ₹7,426.21 crore
  • Other Income: ₹86.00 crore
  • Total Income: ₹7,497.61 crore
  • Total Expenses: ₹7,320.94 crore
  • Cost of materials consumed: ₹5,116.01 crore
  • Employee benefit expense: ₹262.99 crore
  • Finance cost: ₹494.03 crore
  • Depreciation and amortization: ₹1,041.78 crore
  • Other expenses: ₹1,642.16 crore
  • Profit Before Exceptional Items and Tax: ₹102.72 crore
  • Exceptional Items: ₹73.95 crore
  • Profit Before Tax: ₹176.67 crore
  • Total Tax Expense: ₹65.13 crore
  • Profit for the Period: ₹111.54 crore
  • Other Comprehensive Income: ₹4.67 crore
  • Total Comprehensive Income: ₹116.21 crore
  • EPS (Basic and Diluted): ₹0.38

Comparative Figures (Quarter Ended 30-Sep-2025)

  • Revenue from Operations: ₹3,389.90 crore
  • Profit/(Loss) for the Period: ₹(114.78) crore (loss)
  • EPS: ₹(0.39) (loss)

Capital Structure

  • Paid-up Equity Share Capital: ₹2,930.61 crore (unchanged across periods)
  • Face Value per Share: ₹10

Borrowings and Debt Metrics (as of 30-Sep-2026)

  • Total Borrowings: ₹4,836.92 crore
  • Total Interest on Borrowings: ₹262.11 crore (for quarter)
  • Debt Equity Ratio: 0.36
  • Debt Service Coverage Ratio (DSCR): 1.59
  • Interest Service Coverage Ratio (ISCO): 1.75

Key Balance Sheet Items (as of 30-Sep-2026)

  • Total Assets: ₹28,280.93 crore
  • Non-current assets: ₹21,323.68 crore (mainly Property, Plant & Equipment: ₹19,029.16 crore)
  • Current assets: ₹6,957.25 crore (mainly Inventories: ₹4,510.85 crore)
  • Total Equity: ₹13,289.41 crore
  • Total Liabilities: ₹14,991.52 crore
  • Non-current liabilities: ₹2,585.88 crore
  • Current liabilities: ₹12,405.64 crore

Cash Flow (Half Year Ended 30-Sep-2026)

  • Net Cash from Operating Activities: ₹162.04 crore
  • Net Cash from Investing Activities: ₹(133.13) crore
  • Net Cash from Financing Activities: ₹(28.29) crore
  • Net Change in Cash: ₹0.62 crore
  • Closing Cash & Cash Equivalents: ₹9.49 crore

Important Notes to Financial Results

1. The results were reviewed and approved by the Board on 12th Nov-2026 and underwent a Limited Review by Statutory Auditors Sharad & Associates.

2. Prepared in accordance with Indian Accounting Standards (Ind-AS).

3. Term Loan Details:

  • Sanctioned ₹4,476.20 crore from State Bank of India
  • Drawn amount: ₹4,475.81 crore
  • Interest rate: 8.40% p.a. (as of 30.09.2026)
  • Outstanding: ₹3,065.17 crore after repayment of ₹1,410.64 crore
  • Secured by hypothecation of fixed assets and first charge on cash flows
  • No defaults in repayment as of reporting date

4. Working Capital:

  • Sanctioned limit: ₹4,100 crore (₹2,600 crore fund-based, ₹1,500 crore non-fund based)
  • Utilization: ₹1,762.63 crore (fund-based), ₹666.45 crore (non-fund based)
  • Interest rate: 8.40% p.a.
  • Secured by first ranking pari passu charge on current assets

5. GST Dispute:

  • GST audit for July 2017-March 2021 resulted in show cause notices for ₹111.19 crore (including interest & penalty)
  • Current status: ₹8.45 crore accepted/paid, ₹45.90 crore dropped, ₹56.40 crore pending in High Court litigation, ₹0.35 crore under appeal
  • NMDC Ltd is handling appeals as per demerger scheme

6. Strategic Disinvestment:

  • CCEA approved strategic disinvestment on 27-Oct-2016
  • Demerger of NISP from NMDC approved on 14-Oct-2020
  • GOI to divest 50.79% stake with management control to strategic buyer

7. The company has no subsidiaries/JV/associates as of 30-Sep-2026.

8. The company's only reportable segment is Iron and Steel Products.

Auditor's Review

Sharad & Associates (Firm Registration Number: 063775) conducted a limited review in accordance with SRE 2410. Nothing came to their attention that causes them to believe the statement contains any material misstatement.