Why are NMDC Steel shares up over 14% today? Explained

NMDC Steel shares rallied more than 14% in early trade on Monday after the company reported a sharp improvement in its financial performance for the fourth quarter. Investors cheered the strong earnings growth, margin expansion, and return to profitability, pushing the stock to a fresh 52-week high during the session.

At 10:34 AM IST, NMDC Steel shares were trading near the day’s high after gaining significantly from the previous close. The stock touched an intraday high of Rs 52.62, compared to its previous closing price of Rs 44.62. Trading activity remained exceptionally strong, with more than 7.16 crore shares changing hands.

For the quarter ended March 2026, NMDC Steel reported revenue of Rs 3,879 crore, registering a 29% quarter-on-quarter increase from Rs 3,007 crore reported in the previous quarter.

The company’s operating performance improved substantially during the quarter. EBITDA surged to Rs 805 crore from Rs 141 crore in the preceding quarter, reflecting a sharp rise in operational efficiency and better steel realizations. EBITDA margin expanded to 20.8% from 4.7%, highlighting significant improvement in profitability.

NMDC Steel also reported a strong turnaround at the bottom line. The company posted a net profit of Rs 392 crore in Q4, compared with a net loss of Rs 244 crore in the previous quarter. The return to profitability was driven by higher revenue, stronger operating margins, and improved cost management.

The robust quarterly performance boosted investor confidence, resulting in heavy buying interest in the stock. The company’s latest results indicate improving fundamentals and strengthening operations amid a supportive demand environment for the steel sector.

Stock Performance

As of 10:34 AM IST, NMDC Steel shares were trading sharply higher after touching a fresh 52-week high of Rs 52.62 during the session. The stock opened at Rs 48.30, moved between Rs 47.42 and Rs 52.62, and witnessed strong volumes of over 7.16 crore shares. The stock’s 52-week range stands between Rs 33.01 and Rs 52.62.