NMDC stock drops 4% despite 26% rise in production
Shares of NMDC declined by 4% following the release of their Q1 FY27 financial results. The company reported a 2% year-on-year growth in profit, reaching ₹2,007 crore, with revenue also climbing 2% to ₹6,795 crore. While iron ore production saw a significant 26% jump to 151.17 lakh tonnes, sales figures experienced a more modest 2% increase to 117.30 lakh tonnes. Additionally, the volume of ore moved for pellet job work grew by 46%, totaling 8.19 lakh tonnes.
by shortkt.com✓