NMDC Steel shares surged nearly 18% to a 52-week high after reporting a significant turnaround in FY26 earnings. The company returned to profitability with a net profit of Rs 391.91 crore in Q4 FY26, a stark contrast to last year's loss. Revenue also saw substantial year-on-year growth, boosting investor confidence.

NMDC's Q4 net profit soars 35% to ₹2,020 crore, driven by a 55% increase in total income.

NMDC Steel shares surged nearly 18% to a 52-week high after reporting a significant turnaround in FY26 earnings. The company returned to profitability with a net profit of Rs…

The state-owned miner also achieved its best-ever Q4 iron ore production of 162.72 lakh tonnes (LT), up 22% year-on-year, and best-ever Q4 sales of 152.99 LT, a 21% increase

State-owned miner NMDC’s iron ore production in May rose almost 20% year on year to 5.31 million tonne, while sales declined.