NMDC Steel Shares Soar 17% After First-Ever Quarterly Profit in Q1FY26

C Steel Ltd., the demerged entity of state-run NMDC Ltd., achieved a significant milestone by reporting its first-ever quarterly profit in the April–June period of FY26. The company announced a net profit of Rs 26 crore for Q1FY26, a remarkable turnaround from the Rs 547 crore net loss recorded in the same quarter of the previous year. The strong financial performance, announced after market hours on Tuesday, August 12, 2025, triggered a sharp rally in the company’s stock. On Wednesday, August 13, shares of NMDC Steel surged by as much as 17 per cent, reflecting investor optimism about the company’s growth trajectory. Financial Highlights Net Profit: Rs 26 crore in Q1FY26, compared to a net loss of Rs 547 crore in Q1FY25. Revenue Growth: Revenue soared 66 per cent year-on-year, reaching Rs 3,365 crore. EBITDA Margin: The company reported a robust EBITDA margin of 12.71 per cent, underscoring improved operational efficiency. This turnaround marks a pivotal moment for NMDC Steel, which has been navigating its journey as a standalone entity since its demerger from NMDC Ltd. The company’s ability to achieve profitability and drive significant revenue growth highlights its strengthening position in the steel industry.