NMDC shares gain 5% to hit 52-week high as iron ore production soars 20% YoY to 5.31 MT in May; key details

At around 11:19 AM, the stock was trading 3.73% higher at ₹95.82 per equity share. It touched a year’s low of ₹66.80 per unit on June 19, 2025.

The scrip has gained 5% in the past week and more than 6% over the month. On a year-to-date basis, it has advanced 15%.

NMDC business update

The Navratna PSU on Monday said its iron ore production increased by 19.9% year-on-year (YoY) to 5.31 million tonnes (MT) in May, compared with a production of 4.43 MT in the year-ago period.

However, the company's sales during the month under review dropped by 6.9% YoY to 4.04 MT, as against 4.34 MT in May of 2025, according to provisional figures of NMDC.

In Chhattisgarh, its production stood at 3.99 MT in May 2026, marking a 30.39% YoY jump from 3.06 MT from the same period of the preceding year. The sales in the state advanced 11.33% YoY to 3.34 MT, in comparison to 3 MT recorded in May 2025.

In Karnataka, the production dropped by 2.64% YoY to 1.32 MT from 1.37 MT recorded in May last year. Meanwhile, its sales declined 47.76% YoY to 0.70 MT, from 1.34 MT.

On a cumulative basis, in April and May, production rose to 9.96 MT, up 18.15% YoY from 8.43 MT, while sales fell by 2.77% YoY to 7.72 MT, as against 7.94 MT.

NMDC Q4 results

The state-owned company’s consolidated net profit soared 36% YoY to ₹2,017.6 crore in the fourth quarter of the 2025-26 financial year (Q4 FY26), compared with ₹1,483.2 crore in the corresponding period of the preceding year.

Its revenue from operations advanced 61.9% YoY to ₹11,343.1 crore during the quarter under review, as against ₹7,004.6 crore in the January-March quarter of the 2024-25 fiscal year (Q4 FY25).

Its board of directors also recommended a final dividend of ₹1 per equity share, with a face value of ₹1 each, for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

NMDC has a total market capitalisation of ₹84,462.99 crore as of June 2, 2026, according to data on the NSE.