NMDC reported a 7.7% year‑on‑year jump in total production, reaching 4.04 million tonnes in September, while total sales dipped 9.5% YoY to 3.51 million tonnes— a mixed picture that left the stock largely unchanged in early trading.
The up‑tick in output reflects a 7.7% rise from 3.75 million tonnes a year ago, a figure that sits slightly above the 6.8% average growth seen across India’s mining sector last quarter.
Sales, however, fell 9.5% from 3.88 million tonnes, underscoring persistent demand softness in the domestic coal market.
Analysts note that the production uptick is in line with sector expectations, but the sales decline signals a potential squeeze on revenue streams amid tightening price environments.
NMDC’s filing does not yet disclose a revised guidance for the next quarter; the board is slated to provide a fuller outlook in its December meeting, which investors are watching for any shift in cost‑control or expansion plans.