National Mineral Development Corporation (NMDC), India’s largest iron ore producer, reported its best nine month performance in FY26, registering increases across volumes and finances. The company recorded January production of five point five six mn t and January sales of four point seven nine mn t, representing year on year growth of nine per cent in production and seven per cent in sales. The January figures reinforced operational momentum ahead of the closing quarter.

Cumulative volumes up to January rose to 42.65 mn t in production and 39.73 mn t in sales, reflecting a 19 per cent surge in production and nine point seven per cent growth in sales year on year. The sustained output was attributed to steady mine operations and logistical continuity, which supported higher dispatches to domestic and export customers. Enhanced rail and port interfaces aided steady despatches and timely supplies to key customers across regions.

On the financial front NMDC delivered nine month gains with revenue rising 22 per cent to 203.81 bn, while profit before tax increased five per cent to 72.8 bn. Profit after tax rose four per cent to 54.01 bn and EBITDA expanded five per cent to 76.66 bn. The company declared an interim dividend of Rs two point five zero per equity share as part of its capital allocation, driven by record volumes, disciplined cost management and efficient capital allocation.

The inauguration of the Tokisud North coal mine in Jharkhand in January marked the company’s first step into coal mining and signalled portfolio diversification. Management commentary emphasised a commitment to responsible mining, sustainability and continued investment in operational capability, while reinforcing stakeholder value and community engagement. With back to back record volumes and strong financial metrics the company is positioned to achieve annual targets, maintain resilience and set new industry benchmarks.