NMDC Limited (526371) Earnings Call Transcripts

NMDC Limited's Latest Earnings Call - Q4 FY2026

In the fourth quarter and fiscal year 2026, NMDC Limited reported a significant increase in production and sales, achieving 53 million tonnes and INR 31,000 crores in revenue, respectively. The company also noted an 11% growth in profit after tax (PAT), despite facing slightly sluggish prices. Management has set an ambitious target of reaching 60 million tonnes in FY '27 and aims for 100 million tonnes by the end of the decade, supported by ongoing expansion projects and new mine openings.

Reported metrics

Guidance from management

Management maintained a production target of 60 million tonnes for FY '27 and reiterated plans for significant capital expenditure to support growth initiatives. They expect to achieve this target through ongoing expansion projects and new mine openings.

What management said

Good morning to you all. This is a tremendous performance, which NMDC has given in the last -- in the previous financial year. As [indiscernible] just mentioned, we have surpassed all the expectations and cost in logical figure of production, which is 50 million tonnes. The growth of around 30% in various [ managers ] is really a pathway which we'll be making it possible to achieve 100 million tonnes by 2030. And the...

We actually also opened a subsidiary, which is now completely dedicated to areas and other critical minerals. So we are taking that -- those critical requirements of the country very seriously, and we hope to have actually breakthrough in that as already very soon. So we can take questions now? Is that -- if that's okay.

What analysts pressed on

Analysts raised concerns regarding the impact of trading activities on EBITDA margins, as well as the potential risks associated with the steel business. There were also questions about the timeline for coal production ramp-up and the overall sustainability of growth targets.

Main topics on the call

• Production and Sales Growth — NMDC achieved a production milestone of 53 million tonnes and sales revenue of INR 31,000 crores, marking a solid operational performance. Management stated, "We have touched 53 million tonnes of production" and emphasiz...
• Future Expansion Plans — The company is targeting 60 million tonnes for FY '27 and aims for 100 million tonnes by 2030. Management mentioned, "We hope to achieve around 60 million tonnes this year," indicating a clear growth trajectory.
• New Mine Openings — NMDC has opened a core mine in Chakan and plans to commence operations at Deposit 4 in July, with expectations of ramping up production. Management noted, "We hope to have commercial mining commencing on July in Deposit ...
• Capital Expenditure Plans — The company plans to double its capital expenditure to support expansion, with an expected spend of around INR 6,000 to 10,000 crores over the next few years. Management stated, "We hope that this year, we will be able t...

Read the full NMDC Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 18 NMDC Limited earnings call transcripts on record, spanning November 11, 2020 to June 1, 2026. Based on this history, NMDC Limited reports semi-annually. The most recent call on file is dated June 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

526371

Exchange

BSE

Country

IN

Sector

Materials

Industry

Metals and Mining

Calls on record

18

First call

November 11, 2020

Most recent

June 1, 2026

Reporting cadence

semi-annually