OMDC Q3 FY26 Results: Net Profit Rs 434.41 lakh vs Loss Last Year
ORISSAMINE · price
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On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.5 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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OMDC posted Q3 FY26 standalone revenue of Rs 2,060.57 lakh (flat YoY) and net profit of Rs 434.41 lakh, turning around from a loss of Rs 749.33 lakh in Q3 FY25. Nine-month PAT was Rs 469.91 lakh vs a loss of Rs 876.55 lakh last year. EPS stood at Rs 7.24. Revenue growth driven mainly by Iron Ore segment. Auditor flagged Emphasis of Matter on going concern basis, suspended mining at Belkundi and Bhadrasai mines, and land title discrepancies for 222 acres.
Profit turnaround driven by Iron Ore recovery, but reserves stay negative at Rs 4,748 lakh. Going concern flag and pending mining lease renewals remain key risks.