NMDC Steel Shares Today: Shares of FSN E-Commerce Ventures Ltd, the parent of beauty and fashion retailer Nykaa, rose as much as 4 per cent in early trade on Wednesday, August 13, after the company reported a strong set of earnings for the quarter ended June 30 (Q1FY26).NMDC Steel startled the market with a sharp turnaround in Q1 FY26, spurring its shares to a 17 per cent intraday gain to Rs 41—the largest single-day jump since January 2024.

NMDC Steel Q1 Highlights

For the quarter ended June 30, the company posted a net profit of Rs 26 crore, reversing last year’s Rs 547 crore loss. Revenue surged 66 per cent to Rs 3,365 crore, while EBITDA swung back to black at Rs 408 crore, compared with a Rs 401 crore loss in Q1 FY25. The EBITDA margin stood at a solid 12 per cent, signaling a leap in operational efficiency.

The bounce-back reflects a blend of strong steel prices, upscaled production, and better use of fixed costs. A significant step was the maiden production from the 3 million‑tonne‑per‑annum plant in Nagarnar, Chhattisgarh, which is now fully operational.

On the policy front, sources indicate that the government has decided to hold off disinvestment plans for NMDC Steel this year. Officials say procedural hurdles are blocking progress, though they haven’t ruled out a renewed push once those bottlenecks are cleared.