Key Quantitative Figures
Financial Performance (Quarter Ended June 30, 2026)
- Net Sales/Income from Operations: ₹29.49 crore
- Segment Results before Finance Costs, Exceptional Items and Tax: ₹4.81 crore profit
- Finance Costs: ₹4.79 crore
- Profit before exceptional items and tax: ₹4.79 crore
- Exceptional Items: ₹1.34 crore
- Profit before tax: ₹3.45 crore
- Tax Expenses: ₹0.00 (no tax expense recorded)
- Net Profit after tax: ₹3.45 crore
Segment Revenue Breakdown (Quarter Ended June 30, 2026)
- Iron Ore: ₹20.65 crore
- Manganese Ore: ₹0.84 crore
- Sponge Iron: ₹29.49 crore (includes unallocated revenue)
- Total Revenue: ₹29.49 crore (after eliminating inter-segment revenue)
Comparative Figures
Quarter Ended June 30, 2026 vs June 30, 2025:
- Revenue increased from ₹21.03 crore to ₹29.49 crore
- Segment results improved from ₹2.40 crore profit to ₹9.60 crore profit
- Net profit turned positive from ₹2.79 crore loss to ₹3.45 crore profit
Quarter Ended June 30, 2026 vs March 31, 2026:
- Revenue decreased from ₹31.45 crore to ₹29.49 crore
- Segment results improved from ₹7.10 crore loss to ₹9.60 crore profit
- Net profit turned positive from ₹7.61 crore loss to ₹3.45 crore profit
Operational Highlights
Mining Operations Status
- Belkundi and Bhadrasahi Mines: Mining operations under suspension due to non-availability of statutory clearances. Mining leases are in process of renewal.
- Bagiaburu Iron Mines: Commenced operations from December 14, 2023.
- Financial results have been prepared on a going concern basis despite suspended operations.
Asset and Liability Position (as of June 30, 2026)
- Total Segment Assets: ₹584.31 crore
- Iron Ore: ₹621.87 crore
- Manganese Ore: ₹2.58 crore
- Sponge Iron: ₹3.30 crore
- Un-allocated: ₹5,162.44 crore
- Total Segment Liabilities: ₹635.50 crore
Land Ownership Details
- Total Free Hold Land: 180.82 Acres
- 5.423 Acres in name of OMDC
- 3.910 Acres in name of Bird & Co.
- 3.393 Acres occupied by Jaraka Bentakar & Suru Bantakar (in OMDC possession by adverse possession)
- 168.098 Acres in name of BPMEL
Additional Financial Information
- Depreciation for Quarter: ₹26.59 lakh
- Tangible Assets: ₹10.34 lakh
- Amortization of Mining Rights: ₹16.25 lakh
- The company conducts annual qualitative and quantitative analysis of mines stock by an independent stock verifier.
Regulatory and Approval Details
- Board Meeting: 93rd meeting held on September 17, 2026 (commenced at 10:30 AM, concluded at 3:30 PM)
- Review: Statutory Auditors (SDR & Associates) conducted limited review as required under Regulation 33 of SEBI Listing Regulations
- Auditor's Report: Nothing came to their attention suggesting material misstatement, with emphasis on mining operations suspension and land ownership matters
- Previous Period Figures: Re-grouped wherever necessary for comparability with current period classification