Orissa Minerals Development Co. Ltd. Board Approves Standalone Financial Results for Q2 FY26

The Board of Directors of The Orissa Minerals Development Company Limited, in its meeting held on December 19, 2025, approved the unaudited standalone financial results for the quarter and half-year e...

The Board of Directors of The Orissa Minerals Development Company Limited, in its meeting held on December 19, 2025, approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2025. The board meeting commenced at 3:30 PM and concluded at 8:06 PM. The company's mining operations for Belkundi and Bhadrasai Mines are currently suspended due to non-availability of statutory clearances, with leases in the process of renewal. The Bagiaburu Iron Mines commenced operations on December 14, 2023. A significant portion of the company's land holdings (222.375 acres out of 284.17 acres) are not held in the company's name, with 41.416 acres reported to be under encroachment. Additionally, the company has not conducted quarterly assessments of mine stock, relying on annual independent surveys. The financial results have been prepared on a going concern basis. For the quarter ended September 30, 2025, the company reported a net profit after tax of ₹314.10 Lakhs, a significant improvement from a net loss of ₹279.61 Lakhs in the previous quarter and a profit of ₹79.16 Lakhs in the corresponding quarter of the previous year. Total income from operations for the quarter was ₹2,640.77 Lakhs. The company also reported a net profit after tax of ₹35.49 Lakhs for the half-year ended September 30, 2025, compared to a net loss of ₹128.68 Lakhs in the same period last year. The total assets as of September 30, 2025, stood at ₹50,019.78 Lakhs, with total equity at a negative ₹5122.31 Lakhs.

Limitations of AI summaries

AI models can summarize market news but cannot assess portfolio-specific impact or simulate investment scenarios.

Platforms like Prysm provide stock-level and portfolio-level analysis.

Why is The Orissa Minerals Development Company Limited in the news today?

The Orissa Minerals Development Company Limited (ORISSAMINE) is in the news due to the company reported a net profit for the quarter after a previous period's loss, indicating a positive turn in financial performance.

Standalone ResultsBoard Meeting
The Orissa Minerals Development Company LimitedORISSAMINEhttps://prysm.fi/v2/analyze/ORISSAMINE

AI-Powered Summary

Market Context

Top Queries

More News

Explore Prysm Tools

Related Stories

Orissa Minerals Development Co. Ltd. Board Approves Standalone Financial Results for Q2 FY26

December 19, 2025, 06:23 PM

AI Sentiment Analysis

The Board of Directors of The Orissa Minerals Development Company Limited, in its meeting held on December 19, 2025, approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2025. The board meeting commenced at 3:30 PM and concluded at 8:06 PM.

The company's mining operations for Belkundi and Bhadrasai Mines are currently suspended due to non-availability of statutory clearances, with leases in the process of renewal. The Bagiaburu Iron Mines commenced operations on December 14, 2023. A significant portion of the company's land holdings (222.375 acres out of 284.17 acres) are not held in the company's name, with 41.416 acres reported to be under encroachment. Additionally, the company has not conducted quarterly assessments of mine stock, relying on annual independent surveys. The financial results have been prepared on a going concern basis.

For the quarter ended September 30, 2025, the company reported a net profit after tax of ₹314.10 Lakhs, a significant improvement from a net loss of ₹279.61 Lakhs in the previous quarter and a profit of ₹79.16 Lakhs in the corresponding quarter of the previous year. Total income from operations for the quarter was ₹2,640.77 Lakhs. The company also reported a net profit after tax of ₹35.49 Lakhs for the half-year ended September 30, 2025, compared to a net loss of ₹128.68 Lakhs in the same period last year. The total assets as of September 30, 2025, stood at ₹50,019.78 Lakhs, with total equity at a negative ₹5122.31 Lakhs.

See What Deep Dive Gives You — in Seconds

“what happens when you click Deep Dive “

Instant AI Summary - “Get clean, noise-free earnings breakdowns.”

PDF Insights - “Download detailed, AI-generated reports.”

Metrics Explained - “Key ratios & trends explained in simple language.”

Want to know if this news pushes your stock up or down?

Just tap

deep dive

Top Queries to Ask About The Orissa Minerals Development Company Limited

More News on The Orissa Minerals Development Company Limited

Discover more trending news on Prysm

View All