StockWatch
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Iron & Steel
Clarification28 Aug 2026, 07:58 am

NMDC Steel Clarifies Volume Spurt, Cites Financial Results and Rating Upgrade

AI Summary

NMDC Steel Limited has responded to a stock exchange query regarding a 'spurt in volume'. The company clarified that the increased activity is linked to its recently declared financial results for the quarter ended June 30, 2026, which reported a profit after tax of ₹50.51 Crore. Additionally, Crisil Ratings Limited upgraded the company's long-term rating on total bank facilities from ‘Crisil BBB+/ Stable’ to ‘Crisil A / Stable’. NMDC Steel confirmed that all material price-sensitive information has been promptly disclosed to the stock exchanges in compliance with SEBI regulations and that there is no other such information to report at present.

Key Highlights

  • Company clarifies volume spurt post financial results announcement.
  • Reported Q1 FY27 profit after tax of ₹50.51 Crore.
  • Long-term rating upgraded by Crisil to ‘Crisil A / Stable’.
  • No other price-sensitive information to disclose currently.