NMDC shares slide 5% as Q1 profit dips, but brokerages still bullish. Heres why

NMDC posted a PAT of Rs 1,969 crore for Q1 FY26, slightly lower than Rs 1,984 crore a year ago, as higher expenses offset strong production and sales. Revenue from operations jumped 23% YoY to Rs 6,634 crore, driven by a 31% rise in iron ore output to 119.94 lakh tonnes and a 14% increase in sales to 115.17 lakh tonnes.