StockWatch
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Iron & Steel
Clarification28 Aug 2026, 02:19 pm

NMDC Steel Clarifies Volume Spurt, Mentions ₹50.51 Cr Profit

AI Summary

NMDC Steel Limited has responded to a BSE query regarding a 'Spurt in volume'. The company stated that it promptly discloses material price-sensitive information. They highlighted their financial results for the quarter ended June 30, 2026, which reported a profit after tax of ₹50.51 Crore, disclosed on August 14, 2026. Additionally, Crisil Ratings upgraded the company's long-term rating on bank facilities from ‘Crisil BBB+/ Stable’ to ‘Crisil A / Stable’, a development also promptly communicated. NMDC Steel confirmed no other price-sensitive information is currently available for disclosure.

Key Highlights

  • Responded to BSE query on volume spurt.
  • Reported Q1 FY27 profit after tax of ₹50.51 Crore.
  • Long-term rating upgraded by Crisil to ‘A / Stable’.
  • No other price-sensitive information to disclose currently.