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NMDC Ltd Investor Presentation 2026

Feb 4, 2026

61742_rns_2026-02-04_7b9a1cf5-148c-4596-9c99-7b220ab84a0c.pdf

Investor Presentation

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04.02.2026

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No.SEA2025077

BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400001
Scrip Code – 526371
Through BSE Listing Centre
National Stock Exchange of
India Limited
Exchange Plaza, C- 1, Block G,
Bandra-Kurla Complex,
Bandra (East), Mumbai -
400051
Scrip Code – NMDC
Through NEAPS
The Calcutta Stock
Exchange Limited
7, Lyons Range, Murgighata,
Dalhousie,
Kolkata - 700001
Scrip Code – 24131
Through Listing Compliances
CSE India

Dear Sir / Madam,

Sub.: Corporate Investors’ Presentation on Company's Performance for the quarter and nine months ended 31[st] December 2025.

Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

_____________

Reference the captioned subject, kindly note that Corporate Investors’ Presentation on Company's Performance for the quarter and nine month ended 31[st] December 2025 is enclosed herewith for kind reference.

The above information is also available on the Company's website on following link https://www.nmdc.co.in/investors/investor-news

Thanking you,

Yours faithfully,

for NMDC Limited

PRAVIN Digitally signed by PRAVIN SHEKHAR SHEKHAR Date: 2026.02.04 10:23:24 +05'30'

(Pravin Shekhar)

Company Secretary & Compliance Officer

Encl.: As above.

_______________ दू रभाष /Phones: 040-235387 13-21 (9 Lines), 23538723, 23538767 फै � /Fax: +91-40-23538711 ई - मेल E-mail: [email protected] वेबसाइट Website: www.nmdc.co.in

NMDC Limited Financial Results FY 2025-26 (9M)

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Disclaimer

  • This presentation is issued by NMDC Limited (the “ Company ”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Company to be construed as legal, accounting or tax advice.

  • This presentation has been prepared by the Company based upon information available in the public domain. This presentation has not been approved and will not or may not be reviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India. This presentation may include statements which may constitute forward-looking statements. The actual results could differ materially from those projected in any such forward-looking statements because of various factors. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise.

  • This presentation contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Company and/or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Company nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this Presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward looking statements are based.

  • The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this document or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Past performance is not a guide for future performance. The information contained in this presentation is current, and if not stated otherwise, made as of the date of this presentation. The Company undertake no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party intending to provide finance/ invest in the shares/ businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision.

  • This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. This presentation is not intended for distribution or publication in the United States. Neither this document nor any part or copy of it may be distributed, directly or indirectly, in the United States. The distribution of this document in certain jurisdictions may be restricted by law and persons in to whose possession this presentation comes should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that (i) you are located outside the United States and you are permitted under the laws of your jurisdiction to receive this presentation or (ii) you are located in the United States and are a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act ”).

  • This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Company in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in to or within the United States absent registration under the Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Company’s securities have not been and will not be registered under the Securities Act.

2

(Q3 v/s Q3 CPLY) Physical Performance in FY26

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Best ever Best ever
Q3 Q3
146.84 127.07
10%
6%
Production (LT) Sales (LT)
CPLY : 132.91 LT CPLY: 119.36 LT
(Previous best) (Previous best)
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3

(Q3 v/s Q3 CPLY) Financial Performance in FY26

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Revenue from operation 15% EBITDA 10% Average Sales Realization 13%
(INR Cr) (INR Cr) (Rs / T)
7,486 2,504 4,681
CPLY:6,531 CPLY:2,783 CPLY:5,361
Previous Best: 6,531 INR Cr in Q3 FY’25 Best Ever: 2,873 INR Cr in Q3 FY’21 Best Ever: 5,914 INR/T in Q3 FY’22
PBT (INR Cr) 10% PAT (INR Cr) 11%
2,366 1,738
CPLY:2,630 CPLY:1,944
Best Ever: 2,811 INR Cr in Q3 FY’21 Best Ever: 2,109 INR Cr in Q3 FY’21
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4

Robust Performance in FY26 (9M v/s 9M CPLY)

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Production (LT)
368.86
307.65
20%
Best
ever
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Previous Best: 317.82 LT in FY’24

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Sales (LT)
349.40
317.36
10%
Best
ever
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Previous Best: 319.40 LT in FY’24

Avg Sales Realization (Rs/T)

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5,187
4,992
4%
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Best Ever: 6,704 Rs/T in FY’22

Revenue from Operations (INR Cr)

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20,381
22% 16,715
Best
Ever
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Previous Best: 19,179 INR Cr in FY’22

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PBT (INR Cr)
7,280
6,946
5%
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Best Ever: 10,101 INR Cr in FY’22

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PAT (INR Cr)
5,401
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5,401
5,196
4%
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Best Ever: 7,583 INR Cr in FY’22

FY’26 FY’25

5

Performance of FY26 (9M) v/s FY25 (9M)


Financials Rs. Crore

Financials Rs. Crore

Financials Rs. Crore

Financials Rs. Crore

Financials Rs. Crore
Particulars 2025-26
(9M)
2024-25
(9M)
Variance (%)
Iron Ore Production (LT) 368.86 307.65 61.21 20%
Iron Ore Sales (LT) 349.40 317.36 32.04 10%
Ore transferred for Pellets - Job work (LT) 23.50 2.04 21.46 1052%
Average Domestic Realization (Rs./T) 4,992 5,187 (195) (4%)
Iron ore Sales 17,443 16,461 982 6%
Revenue from Operations 20,381 16,715 3,666 22%
Interest Income from Deposits with Banks 553 774 (221) (29%)
Other Income 482 326 156 48%
Total Income 21,416 17,815 3,601 20%
Royalty & Other Levies 3,681 3,174 507 16%
Additional Amount (150% of Royalty) 4,166 3,631 535 15%
Operational Expenses 6,278 3,965 2,313 58%
Stock Adjustment 11 99 (88) (89%)
Total Expenses 14,136 10,869 3,267 30%
EBITDA & Margin (%) 7,666
(38%)
7,309
(44%)
357 5%
Profit Before Tax 7,280 6,946 334 5%
Profit After Tax 5,401 5,196 205 4%

6

Performance of FY26 (Q3) v/s FY25 (Q3)

Financials Rs. Crore

Particulars 2025-26
(Q3)
2024-25
(Q3)
Variance (%)
Iron Ore Production (LT) 146.84 132.91 13.93 10%
Iron Ore Sales (LT) 127.07 119.36 7.71 6%
Ore transferred for Pellets - Job work (LT) 9.80 2.04 7.76 380%
Average Domestic Realization (Rs./T) 4,681 5,361 (680) (13%)
Iron ore Sales 5,949 6,399 (450) (7%)
Revenue from Operations 7,486 6,531 955 15%
Interest Income from Deposits with Banks 193 266 (73) (27%)
Other Income 163 108 55 51%
Total Income 7,842 6,905 937 14%
Royalty & Other Levies 1,405 1,404 1 -
Additional Amount (150% of Royalty) 1,585 1,628 (43) (3%)
Operational Expenses 2,539 1,582 957 60%
Stock Adjustment (53) (339) 286 (84%)
Total Expenses 5,476 4,275 1,201 28%
EBITDA & Margin (%) 2,504
(33%)
2,783
(43%)
(279) (10%)
Profit Before Tax 2,366 2,630 (264) (10%)
Profit After Tax 1,738 1,944 (206) (11%)

7

Performance of FY26 (Q3) v/s FY26 (Q2)


8
(%)
Variance
2025-26
(Q2)
2025-26
(Q3)
Particulars
44%
44.76
102.08
146.84
Iron Ore Production (LT)
19%
19.91
107.16
127.07
Iron Ore Sales (LT)
21%
1.70
8.10
9.80
Ore transferred for Pellets - Job work (LT)
(6%)
(292)
4,973
4,681
Average Domestic Realisation (Rs./T)
12%
619
5,330
5,949
Iron ore Sales
20%
1,225
6,261
7,486
Revenue from Operations
9%
16
177
193
Interest Income
(20%)
(41)
204
163
Other Income
18%
1,200
6,642
7,842
Total Income
38%
384
1,021
1,405
Royalty & Other Levies
37%
429
1,156
1,585
Additional Amount (150% of Royalty)
21%
446
2,093
2,539
Operational Expenses
(152%)
(154)
101
(53)
Stock Adjustment
25%
1,105
4,371
5,476
Total Expenses
5%
119
2,385
(38%)
2,504
(33%)
EBITDA & Margin (%)
4%
95
2,271
2,366
Profit Before Tax
3%
44
1,694
1,738
Profit After Tax
Financials Rs. Crore

8
(%)
Variance
2025-26
(Q2)
2025-26
(Q3)
Particulars
44%
44.76
102.08
146.84
Iron Ore Production (LT)
19%
19.91
107.16
127.07
Iron Ore Sales (LT)
21%
1.70
8.10
9.80
Ore transferred for Pellets - Job work (LT)
(6%)
(292)
4,973
4,681
Average Domestic Realisation (Rs./T)
12%
619
5,330
5,949
Iron ore Sales
20%
1,225
6,261
7,486
Revenue from Operations
9%
16
177
193
Interest Income
(20%)
(41)
204
163
Other Income
18%
1,200
6,642
7,842
Total Income
38%
384
1,021
1,405
Royalty & Other Levies
37%
429
1,156
1,585
Additional Amount (150% of Royalty)
21%
446
2,093
2,539
Operational Expenses
(152%)
(154)
101
(53)
Stock Adjustment
25%
1,105
4,371
5,476
Total Expenses
5%
119
2,385
(38%)
2,504
(33%)
EBITDA & Margin (%)
4%
95
2,271
2,366
Profit Before Tax
3%
44
1,694
1,738
Profit After Tax
Financials Rs. Crore

8
(%)
Variance
2025-26
(Q2)
2025-26
(Q3)
Particulars
44%
44.76
102.08
146.84
Iron Ore Production (LT)
19%
19.91
107.16
127.07
Iron Ore Sales (LT)
21%
1.70
8.10
9.80
Ore transferred for Pellets - Job work (LT)
(6%)
(292)
4,973
4,681
Average Domestic Realisation (Rs./T)
12%
619
5,330
5,949
Iron ore Sales
20%
1,225
6,261
7,486
Revenue from Operations
9%
16
177
193
Interest Income
(20%)
(41)
204
163
Other Income
18%
1,200
6,642
7,842
Total Income
38%
384
1,021
1,405
Royalty & Other Levies
37%
429
1,156
1,585
Additional Amount (150% of Royalty)
21%
446
2,093
2,539
Operational Expenses
(152%)
(154)
101
(53)
Stock Adjustment
25%
1,105
4,371
5,476
Total Expenses
5%
119
2,385
(38%)
2,504
(33%)
EBITDA & Margin (%)
4%
95
2,271
2,366
Profit Before Tax
3%
44
1,694
1,738
Profit After Tax
Financials Rs. Crore

8
(%)
Variance
2025-26
(Q2)
2025-26
(Q3)
Particulars
44%
44.76
102.08
146.84
Iron Ore Production (LT)
19%
19.91
107.16
127.07
Iron Ore Sales (LT)
21%
1.70
8.10
9.80
Ore transferred for Pellets - Job work (LT)
(6%)
(292)
4,973
4,681
Average Domestic Realisation (Rs./T)
12%
619
5,330
5,949
Iron ore Sales
20%
1,225
6,261
7,486
Revenue from Operations
9%
16
177
193
Interest Income
(20%)
(41)
204
163
Other Income
18%
1,200
6,642
7,842
Total Income
38%
384
1,021
1,405
Royalty & Other Levies
37%
429
1,156
1,585
Additional Amount (150% of Royalty)
21%
446
2,093
2,539
Operational Expenses
(152%)
(154)
101
(53)
Stock Adjustment
25%
1,105
4,371
5,476
Total Expenses
5%
119
2,385
(38%)
2,504
(33%)
EBITDA & Margin (%)
4%
95
2,271
2,366
Profit Before Tax
3%
44
1,694
1,738
Profit After Tax
Financials Rs. Crore

8
(%)
Variance
2025-26
(Q2)
2025-26
(Q3)
Particulars
44%
44.76
102.08
146.84
Iron Ore Production (LT)
19%
19.91
107.16
127.07
Iron Ore Sales (LT)
21%
1.70
8.10
9.80
Ore transferred for Pellets - Job work (LT)
(6%)
(292)
4,973
4,681
Average Domestic Realisation (Rs./T)
12%
619
5,330
5,949
Iron ore Sales
20%
1,225
6,261
7,486
Revenue from Operations
9%
16
177
193
Interest Income
(20%)
(41)
204
163
Other Income
18%
1,200
6,642
7,842
Total Income
38%
384
1,021
1,405
Royalty & Other Levies
37%
429
1,156
1,585
Additional Amount (150% of Royalty)
21%
446
2,093
2,539
Operational Expenses
(152%)
(154)
101
(53)
Stock Adjustment
25%
1,105
4,371
5,476
Total Expenses
5%
119
2,385
(38%)
2,504
(33%)
EBITDA & Margin (%)
4%
95
2,271
2,366
Profit Before Tax
3%
44
1,694
1,738
Profit After Tax
Financials Rs. Crore
Particulars 2025-26
(Q3)
2025-26
(Q2)
Variance (%)
Iron Ore Production (LT) 146.84 102.08 44.76 44%
Iron Ore Sales (LT) 127.07 107.16 19.91 19%
Ore transferred for Pellets - Job work (LT) 9.80 8.10 1.70 21%
Average Domestic Realisation (Rs./T) 4,681 4,973 (292) (6%)
Iron ore Sales 5,949 5,330 619 12%
Revenue from Operations 7,486 6,261 1,225 20%
Interest Income 193 177 16 9%
Other Income 163 204 (41) (20%)
Total Income 7,842 6,642 1,200 18%
Royalty & Other Levies 1,405 1,021 384 38%
Additional Amount (150% of Royalty) 1,585 1,156 429 37%
Operational Expenses 2,539 2,093 446 21%
Stock Adjustment (53) 101 (154) (152%)
Total Expenses 5,476 4,371 1,105 25%
EBITDA & Margin (%) 2,504
(33%)
2,385
(38%)
119 5%
Profit Before Tax 2,366 2,271 95 4%
Profit After Tax 1,738 1,694 44 3%

Quarterly Iron Ore Production Trend

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146.84
140.00 132.91 133.07
119.94
120.00
102.08
100.00
91.90
82.85
80.00
60.00
40.00
20.00
- Q1 Q2 Q3 Q4 Q1 Q2 Q3
2024-25 2025-26
KDL 31.47 26.26 48.08 48.89 39.01 33.48 53.84
BCH 26.80 24.78 47.26 46.55 42.86 32.42 51.44
DIOM 10.87 12.69 15.57 16.59 17.28 15.46 17.77
KIOM 22.76 19.12 22.00 21.04 20.79 20.72 23.79
Total 91.90 82.85 132.91 133.07 119.94 102.08 146.84
----- End of picture text -----

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----- Start of picture text -----

Qty in LT
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9

Quarterly Iron Ore Sales Trend

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----- Start of picture text -----

126.68
119.36 127.07
120.00
115.17
107.16
100.73 97.27
100.00
80.00
60.00
40.00
20.00
- Q1 Q2 Q3 Q4 Q1 Q2 Q3
2024-25 2025-26
KDL 36.33 33.52 42.54 44.01 40.71 37.66 46.31
BCH 36.97 31.63 42.70 40.39 40.62 32.33 42.34
DIOM 11.53 12.68 14.55 17.14 16.25 16.87 16.66
KIOM 15.90 19.44 19.57 25.14 17.59 20.30 21.76
Total 100.73 97.27 119.36 126.68 115.17 107.16 127.07 10
----- End of picture text -----

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----- Start of picture text -----

Qty in LT
----- End of picture text -----

Average Domestic Price of Iron Ore (Overall)


1,000
2,000
3,000
4,000
5,000
6,000
Rs. per Ton

1,000
2,000
3,000
4,000
5,000
6,000
Rs. per Ton

1,000
2,000
3,000
4,000
5,000
6,000
Rs. per Ton

1,000
2,000
3,000
4,000
5,000
6,000
Rs. per Ton

1,000
2,000
3,000
4,000
5,000
6,000
Rs. per Ton

1,000
2,000
3,000
4,000
5,000
6,000
Rs. per Ton

1,000
2,000
3,000
4,000
5,000
6,000
Rs. per Ton

1,000
2,000
3,000
4,000
5,000
6,000
Rs. per Ton
- Q1
Q2
Q3
Q4
2024-25
Q1
Q2
Q3
2025-26
LUMP 6,372 5,596 6,372 6,037 6,424 5,695 5,441
FINES 4,842 4,478 4,783 4,344 4,745 4,528 4,206
AVG 5,304 4,852 5,361 5,007 5,353 4,973 4,681

Details o To 2 Shareholders as on 0-01-2026 f p 5 3

Sl. No. Shareholder No. of Shares % Holding
1 PRESIDENT OF INDIA 5344900713 60.79
2 LIFE INSURANCE CORPORATION OF INDIA 436699392 4.97
3 SBI ARBITRAGE OPPORTUNITIES FUND 137781681 1.57
4 ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE DIVIDEND YIELD FUND 76186708 0.87
5 SBI LIFE INSURANCE CO. LTD 75415253 0.86
6 EDELWEISS MULTI CAP FUND 66764857 0.76
7 KOTAK NIFTY MIDCAP 50 ETF 51545297 0.59
8 VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 49966133 0.57
9 ARTEMIS SMARTGARP GLOBAL EMERGING MARKETS EQUITY FUND 49300000 0.56
10 VANGUARD EMERGING MARKETS STOCK INDEX FUND,A SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDS 46966756 0.53
11 ICICI PRUDENTIAL MIDCAP 150 ETF 42242810 0.48
12 ISHARES CORE MSCI EMERGING MARKETS ETF 33992960 0.39
13 ROBECO CAPITAL GROWTH FUNDS - ROBECOQI EMERGING MARKETS SUSTAINABLE ENHANCED INDEX EQUITIES 32051078 0.36
14 TATA MUTUAL FUND- TATA VALUE FUND 26579320 0.3
15 VANGUARD FIDUCIARY TRUST COMPANY INSTITUTIONAL TOTAL INTERNATIONAL STOCK MARKET INDEX TRUST II 25657956 0.29
16 NIPPON LIFE INDIA TRUSTEE LTD- A/C NIPPON INDIA GROWTH MID CAP FUND 24598789 0.28
17 INVESCO INDIA ARBITRAGE FUND 23922000 0.27
18 THE NEW INDIA ASSURANCE COMPANY LIMITED 23851332 0.27
19 SOMERVILLE TRADING ENTERPRISES,LLC 23684301 0.27
20 THE COLLECTIVE LSV INTERNATIONAL (ACWI EX US) VALUE EQUITY FUND OF THE NORTHERN TRUST COMPANY SUB-ADVISED COLLECTIVE
FUNDS TRUST
20463100 0.23
21 BANDHAN MULTI ASSET ALLOCATION FUND 19330988 0.22
22 LSV EMERGING MARKETS EQUITY FUND LP 18960700 0.22
23 ISHARES MSCI INDIA ETF 18931723 0.22
24 DSP VALUE FUND 17807089 0.2
25 EMERGING MARKETS CORE EQUITY 2 PORTFOLIO OF DFA INVESTMENT DIMENSIONS GROUP INC. 16721442 0.19
Total: 6704322378 76.26

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Major Investment in Subsidiaries, JVs & Associates

JKMDC (*) 95.86%

NCL (51%), BRPL (52%) NCF Rs. 402.99 cr, Rs. 152.67 cr, Rs 2 cr.

KVSL (100%) Rs. 0.10 cr

Krishnapatnam Rly Co. Ltd (6.40%) Rs. 40.0 cr

ICVL (25.94%), Rs. 378.86 cr

Legacy Iron Ore (92.84%), Rs. 443.34 cr

(*) Investment derated

Total Investments - Rs. 1,419.98 crore

Map is for general reference purpose only

Investment in co-operative society – Rs 0.02 cr

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Thank you
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NMDC Mines India Shines

#Ispati Irada