NMDC Shares Decline Despite Price Hike for Iron Ore Lumps and Fines

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NMDC Hikes Lumps, Fines Prices by ₹100; Shares Dip Despite Revenue Surge

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CNBC TV18•10-02-2026, 09:41

NMDC Hikes Lumps, Fines Prices by ₹100; Shares Dip Despite Revenue Surge

•NMDC increased prices of lumps and fines by ₹100 each, effective February 10.
•New prices: lumps at ₹4,700 per tonne, fines at ₹4,000 per tonne.
•The price hike was anticipated due to rising steel prices and rupee depreciation.
•Q3 revenue jumped 16% to ₹7,610.8 crore, exceeding Street estimates.
•EBITDA declined 9.6% to ₹2,144.3 crore, with margins contracting to 28.2% due to higher expenses.

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