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NMDC's production volume for the month grew healthy by 44% YoY

ICICIdirect Research 02 Jul 2026 DISCLAIMER

News: NMDC reported a healthy volume print for June’26. NMDC’s production volume for the month grew healthy by 44% YoY to 5.15 MT, with YTDFY27 production volume reaching ~15 MT, up 26% YoY. Meanwhile sales volume witnesses a growth of 11% YoY to 4 MT during the same period, with sales volume for YTDFY27 reaching ~11.75 MT, up by 2% YoY.

View: The company's production and sales volumes remained healthy during the month, primarily driven by the recovery in dispatches from its Karnataka mines. Coupled with the recent iron ore price hikes, the steady volume performance is expected to support revenue growth and profitability in the coming quarters. We continue to remain positive on the company, supported by favourable iron ore demand, ongoing capacity expansion, a cash-rich balance sheet, and a healthy RoCE profile.

Impact: Positive

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