The Orissa Minerals Development Company Limited has informed the Exchange regarding ''.
ORISSAMINE · price
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OMDC, a Government of India enterprise, reported Q3 FY26 (quarter ended 31 December 2025) standalone results showing a net profit of ₹434.41 lakhs, swinging from a loss of ₹749.33 lakhs in Q3 FY25. However, the nine-month FY26 figure still shows a net loss of ₹876.55 lakhs, though much improved from the ₹4,022.39 lakh loss in the prior-year period. Revenue from operations came in at ₹2,060.57 lakhs for the quarter, down sequentially from ₹2,512.75 lakhs in Q2 FY26 but roughly flat year-on-year. Total income for 9M FY26 rose to ₹6,855.69 lakhs from ₹5,975.63 lakhs a year ago. Reserves remain in the negative at ₹(4,747.89) lakhs. The auditor issued a clean limited review report but flagged three Emphasis of Matter items: mining operations suspended at Belkundi and Bhadrasai mines due to non-availability of statutory clearances (prepared on going concern basis), only 61.795 acres out of 284.17 acres of land are held in the company's name with encroachment issues, and quarterly mine stock assessment is not being conducted.
The quarterly turnaround to profit is a positive signal, but the nine-month loss, negative reserves, suspended mining leases, and unresolved land title issues point to persistent structural challenges that may weigh on the stock and limit near-term recovery potential.