NMDC - Q4FY20 results - Angel Broking

Mr. Jyoti Roy, DVP Equity Strategist, Angel Broking Ltd

"NMDC reported a 12.5% YoY de-growth in revenues to Rs. 3,187 crore for Q4FY20, due to decrease in Iron ore volumes which was offset to some extent by higher realizations. While sales volumes were down by 15.3% YoY to 86.2 lakh tons, realizations were up by 4.2% YoY. EBITDA for the quarter was down by 28.7% YoY to Rs. 1,492 crore while margins were down by 1,062bps to 46.8% for the quarter. Net profit for the quarter was down by 75.8% YoY to Rs. 351 cr. due to miss on the EBITDA front and prior year tax adjustment ofRs. 771.5 crore. While revenue was marginally below street estimates there was a significant miss on the EBITDA front as margins were adversely impacted during the quarter due to 9.3% YoY increase in expenses led by a 53% YoY jump in freight costs."

Shares of NMDC LTD. was last trading in BSE at Rs.84.45 as compared to the previous close of Rs. 85.3. The total number of shares traded during the day was 371123 in over 2127 trades.

The stock hit an intraday high of Rs. 88.3 and intraday low of 82.95. The net turnover during the day was Rs. 31624881.

Source : Equity Bulls

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