NMDC Steel (NSLNISP) Q3 25/26 earnings summary

Executive summary

• Reported a net loss of ₹243.97 crore for Q3 FY26, compared to a net loss of ₹757.78 crore in Q3 FY25, showing a reduction in losses year-over-year.

• Revenue from operations for Q3 FY26 was ₹3,007.69 crore, up from ₹2,119.54 crore in Q3 FY25, indicating significant top-line growth.

• Nine-month revenue reached ₹9,762.81 crore, with a net loss of ₹333.19 crore, compared to a net loss of ₹1,900.40 crore in the prior year period.

Financial highlights

• Total income for Q3 FY26 was ₹3,026.42 crore, up from ₹2,137.88 crore in Q3 FY25.

• Total expenses for Q3 FY26 were ₹3,290.23 crore, compared to ₹3,194.35 crore in Q3 FY25.

• EPS for Q3 FY26 stood at ₹(0.83), improving from ₹(2.59) in Q3 FY25.

• Net worth as of 31 Dec 2025 was ₹12,781.29 crore.

Outlook and guidance

• Strategic disinvestment process ongoing, with the government planning to divest 50.79% stake and offer an additional 10% to NMDC Ltd after a strategic buyer is identified.

• Company will continue to monitor the impact of new labour codes and reassess employee benefit liabilities as rules are notified.