02-09-2021 01:40 PM | Source: Angel Broking Ltd
Quote On NMDC 3QFY21 By Yash Gupta, Angel Broking
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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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