NMDC Steel Q2 results: Net loss narrows, revenue more than doubles YoY

13 hours ago

HomeMarket NewsNMDC Steel Q2 results: Net loss narrows, revenue more than doubles YoY

NMDC Steel reported a sharp narrowing of losses in Q2 FY26, with net loss at ₹115 crore compared to ₹595.4 crore a year earlier, while revenue more than doubled.

NMDC Steel Ltd reported a significant improvement in its second-quarter earnings, with the consolidated net loss narrowing to ₹115 crore from ₹595.4 crore in the same quarter last year.

Revenue for the July–September period stood at ₹3,390 crore, up from ₹1,522 crore a year ago.

The company also reported an EBITDA of ₹208 crore against an EBITDA loss of ₹441 crore in Q2 FY25, with margins at 6.13%.

Also Read: NMDC Q2 Results: Margins expand from last year but miss expectations, topline beats

As of 2:57 PM, shares of NMDC Steel were trading at ₹45.53, down over 4% on the NSE after earnings announcement.

Read Full Article at Source

NMDC Steel Q2 results: Net loss narrows, revenue more than doubles YoY

NMDC Steel reported a sharp narrowing of losses in Q2 FY26, with net loss at ₹115 crore compared to ₹595.4 crore a year earlier, while revenue more than doubled.

Related

US Fed Meeting highlights: Dow drops 150 points, reversing gain as Powell says Fed may not cut again this year

US Fed Meeting LIVE Updates: Dow drops 150 points, reversing gain as Powell says Fed may not cut again this year

US Fed Meeting LIVE Updates: US central bank cuts rates for the second time this year, will end balance sheet run-off in Dec

US Fed Meeting LIVE Updates: US central bank cuts rates for the second time this year, will end balance sheet run-off in December

US Fed Meeting LIVE Updates: Investors await Fed's decision and Powell's speech on interest rates

US Fed Meeting LIVE Updates: All eyes on Jerome Powell as FOMC set to announce its rate cut decision tonight

LIC Housing Finance Q2 results: Net profit rises 1.6% YoY, NII up 3.3%

Chennai buyers shocked by a ₹2,000 jump in gold prices: Report

Railtel Q2 net profit up 5% to ₹76 crore, revenue rises 13%; declares dividend

Q2 Results Live Updates: SAIL, HPCL beats estimates; NTPC Green profit doubles

NVIDIA becomes world’s first $5 trillion company, now bigger than the entire Indian economy

US Fed Meeting LIVE Updates: Nvidia becomes first company to reach $5 trillion valuation, fueled by AI boom

Q2 Results Live Updates: HPCL beats Street estimates; Brigade Enterprises profit up 36%

HDFC Bank, Reliance and Bharti Airtel fuel a third of Nifty's 4,000-point rally

US Fed Meeting LIVE Updates: US mortgage rates fall to 6.3%, boosting purchase activity

Q2 Results Live Updates: PB Fintech revenue up 38%; L&T misses Street

Q2 Results Live Updates: L&T profit up 16% YoY; BHEL beats Street estimates

US Fed Meeting LIVE Updates: S&P 500 futures rise as investors await Fed rate decision; Nvidia climbs