NMDC Steel’s Profit Rally Short-Lived as Q2 Loss Triggers 7% Stock Slide
Just a quarter after celebrating its maiden profit, NMDC Steel Ltd swung back to loss in the second quarter of FY26. The state-run steel maker — recently spun off from iron ore mining giant NMDC — posted a net loss of ₹115 crore for Q2ndtvprofit.com. This is a stark turnaround from Q1 FY26, when NMDC Steel had earned a modest ₹25.6 crore net profitndtvprofit.com, its first profitable quarter since inception. According to the company’s exchange filing on Wednesday, the bottom-line was dragged down by a sharp drop in margins even as sales held steady.
