OMDC FY26: revenue up 46% YoY, net loss narrows to about Rs 2.9 crore
ORISSAMINE · price
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OMDC FY26 revenue from operations rose 45.6% to Rs 94.1 crore from Rs 64.6 crore in FY25, driven mainly by iron ore. Total income reached Rs 100 crore. Net loss narrowed sharply to Rs 2.9 crore from Rs 40.4 crore in FY25. Q4 alone posted revenue of Rs 20.6 crore and a loss of Rs 7.6 crore. Auditor gave an unqualified opinion but flagged emphasis of matter on restatement of FY24 and FY25 comparatives due to stripping cost error correction and an additional Rs 8.6 crore provision after a Supreme Court ruling on Jai Balaji arbitration.
Sharp YoY improvement in revenue and losses, but restated historicals and extra provision add uncertainty. Stock may react to narrower loss.