02-09-2021 01:40 PM | Source: Angel Broking Ltd
Quote On NMDC 3QFY21 By Yash Gupta, Angel Broking
Below are Quote On NMDC 3QFY21 By Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
NMDC reported numbers inline expectation, NMDC limited reported revenue from operations for Q3FY21 at ₹4,355 crores up by 45% YoY from ₹3,006 crores in Q3FY20. Profit before tax for the quarter at ₹2810 crores in Q3FY21 as compared to ₹1645 crores up by 71% in Q3FY20. Profit after tax for the quarter at ₹2,108 crores in Q3FY21 as compared to ₹1,375 crores up by 53.3% in Q3FY20.
NMDC reported the numbers in line with expectations, and the company has reported very good growth in Iron Ore.
We have a Neutral outlook towards NMDC Limited.
Above views are of the author and not of the website kindly read disclaimer
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