AI-generated · cited to primary sources · not investment advice
While revenue grew, the EBITDA margin contracted from 51% to 42% due to a 45% surge in operational expenses and higher royalty levies. (3 contracting)
“EBITDA & Margin (%): 2025-26 (Q1) 42%; 2024-25 (Q1) 51%”
See the full cited Business Model analysis of NMDC
AI-generated informational research only. ThesisLoop is not investment advice, a stock recommendation, or a guarantee of returns.