Analysis published 23 Apr 2026

AI-generated · cited to primary sources · not investment advice

NMDC (526371) Aug 2025 Filing Analysis

02 · Business Model

How durable is the business?

Mining Cost per Tonne
30/100

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%

NMDC · Investor PPT · Aug 2025 · p.6

See the full cited Business Model analysis of NMDC

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