NMDC Limited — Q4FY26 earnings call summary

Filed 03 June 2026 · Official transcript

Capex guidance INR6,000 Cr for FY27; INR7,000-10,000 Cr annually next 2-3 years
Foreign acquisitions in critical minerals planned with INR2,000-3,000 Cr capex in FY27
EBITDA margin expected at 42-43% for FY27; prices to remain range-bound
FY26 production crossed 53 million tons; PAT grew 11%
FY27 production target set at 60 million tons; aiming 100 million tons by 2030
Deposit 4 iron ore mine commercial mining from July FY27; ramp to 7 million tons peak
NSL receivables expected to be recovered in 16-18 months; RINL payments ongoing with 45-day lag
Rail doubling to complete by Dec 2026; logistics capacity to increase to 40-60 million tons