NSLNISP Q4 Results FY26 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated May 28, 2026 3 min read

NMDC Steel is navigating its transition from the commissioning phase to full-scale commercial operations at its Nagarnar plant. Investors will be focused on the company's progress in scaling production capacity and its efforts to optimize energy costs and raw material efficiency.

Quick Details

Results date	May 29, 2026
Quarter	Q4
Previous quarter revenue	Rs. 8,503.05 Cr
Market cap	Rs. 12,979.61 Cr
CMP	Rs. 44.2

NSLNISP Q4 Results Date and Time

The board meeting is scheduled for 29 May 2026 to consider and approve the audited financial results for the quarter and financial year ended 31 March 2026.

What to expect from NSLNISP's Q4 FY26 results

Management has confirmed that the Nagarnar plant reached a break-even position in March and April 2026, with capacity utilization now nearing 90%. The company is actively working to optimize its blast furnace burden by targeting a sinter/lump mix ratio of 20%/80% to improve operational efficiency. Future performance hinges on the successful execution of the Foreign Exchange Hedging Policy to manage imported coking coal costs and the continued reduction of outstanding debts as per the targets established last year.

Key Things To Watch

Production Capacity Scaling: Monitoring progress toward achieving annual production targets.

Targeting 31 lakh tonnes of hot metal production
Targeting 27 lakh tonnes of Hot Rolled Coils (HRC) output

Operational Efficiency Metrics: Tracking technical adjustments to stabilize production costs.

Resolution of the sinter/lump ratio to the target 20%/80% mix
Reduction of coke rates and energy consumption levels
Stabilization of crude steel production to ensure steady HRC output

Financial and Risk Management: Updates on capital structure and supply chain risk mitigation.

Execution status of the Foreign Exchange Hedging Policy for coking coal imports
Progress on the reduction of outstanding debts as per the post-Q4 FY24-25 target
Management of liquidity via sanctioned Working Capital Facilities of Rs. 2600 Cr (fund-based)

Frequently Asked Questions

Why were the plant's raw material costs higher than those of industry peers?

Management stated that higher costs were primarily due to the plant not yet operating at 100% capacity. Additionally, the company faced elevated coke and coal consumption rates during the initial stabilization period.

What is the current status of the sinter/lump mix ratio in the blast furnace?

The ratio was previously skewed to 30%/70% due to a broken granulator shaft. Management is targeting a return to an optimized ratio of 20%/80% following necessary repairs.

Has the Nagarnar plant reached a break-even position?

Yes, management confirmed that the plant achieved a break-even position during March and April 2026. The facility is currently operating at nearly 90% capacity utilization.