NMDC Steel Q3 revenue up 42% YoY, loss narrows to Rs 244 Cr
NSLNISP · price
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On the reaction day the stock moved 5.3 pts less than Nifty Smallcap 250 and 4.7 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NMDC Steel posted Q3 FY26 revenue of Rs 3,007.69 Cr against Rs 2,119.54 Cr in Q3 FY25, a 42% jump. Nine month revenue rose 72% to Rs 9,762.81 Cr. Net loss narrowed sharply to Rs 243.97 Cr from Rs 757.78 Cr in Q3 FY25. Nine month loss shrank to Rs 333.19 Cr from Rs 1,900.40 Cr. Operating margin improved to 3.87% from negative 30% a year ago. Debt equity ratio improved to 0.38 from 0.47. Company repaid NCDs of Rs 523.80 Cr in full. Auditor gave an unqualified limited review.
Revenue growth and sharp loss reduction are encouraging. Shares still loss-making but operations improving and debt levels falling.