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NMDC Steel Q3 FY26: Revenue at ₹3,007 Cr, Net Loss Narrows YoY to ₹244 Cr
NMDC Steel reported a revenue of ₹3,007.69 crore for Q3 FY26, marking a 41.9% growth compared to ₹2,119.54 crore in Q3 FY25. The company's net loss narrowed significantly to ₹243.97 crore from a loss of ₹757.78 crore in the same period last year, although losses widened sequentially from Q2. Debt management showed improvement as total borrowings reduced to ₹4,802.62 crore from ₹6,376.97 crore YoY. The government's plan for a 50.79% strategic disinvestment remains a critical factor for the company's future valuation.
Key Highlights
Revenue from operations increased 41.9% YoY to ₹3,007.69 crore.
Net loss narrowed to ₹243.97 crore in Q3 FY26 vs ₹757.78 crore in Q3 FY25.
Total borrowings decreased by approximately ₹1,574 crore over the last 12 months to ₹4,802.62 crore.
Finance costs reduced to ₹128.11 crore from ₹165.33 crore YoY, supported by an interest rate reset to 8.45%.
Strategic disinvestment of 50.79% stake by the Government of India is still in progress.
💼 Action for Investors
Investors should focus on the narrowing losses and debt reduction as signs of operational stabilization, while treating the upcoming strategic disinvestment as the primary catalyst for the stock. Monitor the company's ability to turn EBITDA positive in the coming quarters as production scales.