NMDC Steel Ltd reports a ₹61 crore net profit in Q2 FY27, reversing a ₹115 crore loss in the same period last year. The state-owned steel firm shows improved financial performance with an expanded profit margin. The company’s turnaround reflects stronger operational efficiency or market conditions.
NMDC Steel has appointed Sarita Chauhan as its Government Director. The move follows regulatory requirements for state-owned enterprises in India to include government nominees on their boards. Chauhan’s appointment aligns with the company’s governance structure under the Ministry of Steel.
NMDC Steel’s stock drops 9% following a weak first-quarter earnings report. The decline marks the company’s largest single-day fall since March 2024, when shares dropped nearly 12%. Investors react to reduced profitability and revenue pressures, impacting market sentiment.
NMDC Steel Limited reports a **97.6% year-over-year net profit increase** to **₹50.51 crore** for Q1 FY27 (quarter ended June 2026). The state-run steelmaker’s earnings rise from ₹25.56 crore in the same period last year. The government is simultaneously seeking a buyer for its stake in the company.
