NMDC Steel Share Price Extends Rally for the Second Day After Profit Turnaround, Hits Fresh 52-Week High

NMDC Steel Limited shares remained in focus on June 2, 2026, extending their rally for a second consecutive trading session after the company reported a return to profitability in both Q4 FY26 and the full financial year.  

On June 2, 2026, NMDC Steel share price hit a fresh 52-week high, with trading volumes surging more than 4.60 times on the BSE. 

NMDC Steel Q4 FY26 Results 

For the quarter ended March 31, 2026, the company reported a net profit of ₹391.9 crore compared to a net loss of ₹473.4 crore in the corresponding quarter of the previous year. 

Looking at the top line then, revenue from operations rose 36.7% year-on-year to ₹3,879 crore from ₹2,838.3 crore.  

NMDC Steel FY26 Results 

For FY26, NMDC Steel reported a net profit of ₹58.7 crore, compared to a net loss of ₹2,373.8 crore in FY25. Revenue from operations rose 60.4% year-on-year to ₹13,641.8 crore. 

The company also strengthened its balance sheet during the year, with borrowings reducing to ₹4,601.9 crore from ₹5,897.6 crore, while finance costs declined to ₹486.6 crore from ₹651.9 crore in FY25. 

NMDC Steel Share Price Performance 

As of June 2, 2026, NMDC Steel share price continued to trade in positive territory, extending gains from the previous session. On June 1, the stock had surged over 15% and touched a fresh 52-week high of ₹52.62 after investors cheered the company's return to profitability. 

Continuing the rally on Tuesday, the stock hit another fresh 52-week high of ₹53.71 on the BSE. As of 2:00 PM, NMDC Steel share price was trading at around ₹52.57 per share, up 3.83% on the BSE. 

The company's current market capitalisation stands at ₹15,406.19 crore. 

Read More: NMDC Steel Secures BIS Certification for Pipeline-Grade Hot Rolled Steel 

Conclusion 

NMDC Steel's return to profitability in both Q4 FY26 and the full financial year has strengthened investor sentiment around the stock. The strong earnings performance, coupled with robust revenue growth, helped the shares extend their rally for a second consecutive session while reaching a fresh 52-week high. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.