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NMDC Ltd

Q4 FY25Minerals & Mining

NMDC Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹85
Market cap₹75.4K Cr
P/E10.1
Updated23 Aug 2026
Read4 min read

The short version

NMDC targets to increase production and sales to approximately 55.4 million tons in FY 2026, aiming for nearly 100% utilization of Environmental Clearance (EC) capacity. Targeting pellet sales growth from 0.5 million tons to 2.5-3 million tons in FY '26, significantly boosting revenues and profits.

From NMDC Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • NMDC targets to increase production and sales to approximately 55.4 million tons in FY 2026, aiming for nearly 100% utilization of Environmental Clearance (EC) capacity.
  • Aspirational growth of about 10% from notional volumes, considering disruptions like strikes in previous years.
  • Pellet sales expected to rise significantly from 0.5 million tons to 2.5-3 million tons in FY 2026, unlocking higher revenues and profits.
  • Plans to expand pellet plant capacities domestically and internationally, with new plants (e.g., Nagarnar pellet plant) becoming operational soon.
  • Infrastructure and dispatch capacities are being enhanced with new sidings and rigs to support higher volumes.
  • Long-term capacity outlook aims to take NMDC from ~50 million tons to 100 million tons in coming years.

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Profitability & Margins

See what NMDC Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • FY '26 capex expected around INR4,000 crores with most efforts on sanctioning and groundwork.
  • INR40,000 crores worth of projects already sanctioned, including INR8,600 crores under execution.
  • Additional INR12,000 crores of capex to be sanctioned within a couple of months, totaling around INR40,000 crores by mid-2025.
  • Around INR2,000 crores investment through partnership/BOO models.
  • INR31,000-32,000 crores of potential projects at the drawing board stage, including slurry pipelines from Kirandul to Bacheli and Nagarnar to Vizag (total INR20,000 crores).
  • Strategic land acquisition: 1,167 acres taken from RINL near Gangavaram port for pellet plant, blending yard, and slurry pipeline termination.

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Top-ranked in Minerals & Mining

Ranked on what management guided this quarter

Guidance-ranked
1Lloyds Metals & Energy Ltd
Rev 2Mar 3
2Gravita India
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 3Mar 2
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript provided from the NMDC Limited Q4 & FY 2024-25 Earnings Conference Call does not explicitly mention details about the current or expected order book or pending orders. The discussion primarily focuses on production, sales, capacity utilization, dispatch improvements, pricing strategies, and various operational updates. Therefore, based on the available document, there is no specific information related to NMDC's current or expected order book or pending orders.

NMDC Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹7.6K Cr, net profit ₹1.8K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What NMDC Ltd's management said in earlier quarters

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Frequently Asked Questions

What were NMDC Ltd Q4 FY25 results?

NMDC targets to increase production and sales to approximately 55.4 million tons in FY 2026, aiming for nearly 100% utilization of Environmental Clearance (EC) capacity. Targeting pellet sales growth from 0.5 million tons to 2.5-3 million tons in FY '26, significantly boosting revenues and profits.

What is NMDC Ltd share price analysis?

NMDC Ltd currently shows a neutral. The stock trades at a P/E of 10.1 with a market cap of ₹75,434 Cr. Investors should review the full earnings analysis for detailed insights.

Is NMDC Ltd planning capital expenditure?

FY '26 capex expected around INR4,000 crores with most efforts on sanctioning and groundwork.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.