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Mishra Dhatu Nigam Limited reports Q1FY21 earnings
Posted On : 2020-09-11 22:30:53( TIMEZONE : IST )
Mini-Ratna Defence PSU Mishra Dhatu Nigam Limited (MIDHANI) has achieved a Turnover of Rs.113.50 Cr, during the 1st quarter of FY 2020-21, against the Turnover of Rs. 132.15 Cr recorded in the corresponding period of the previous year.
Profit Before Tax (PBT) during the 1st quarter of FY 2020-21 stood at Rs. (0.42) Cr, against the Profit Before Tax (PBT) of Rs.35.95 Cr recorded in the corresponding period of the previous year.
Profit After Tax (PAT) during the 15t quarter of FY 2020-21 stood at Rs. (0.92) Cr, against the Profit After Tax (PAT) of Rs.23.00 Cr recorded in the corresponding period of the previous year.
The order book position of the company as on 15t July 2020 stood at Rs.1732 Cr.
The outbreak of COVID-19 pandemic across the world including India resulted in the Government taking significant measures to contain the spread of the virus including imposing mandatory lockdowns and restricting economic activities. Consequently, company's operations had to be scaled down for a considerable period during the quarter ended June 30, 2020.
Though, the operations resumed during the later part of the quarter with limited availability of workforce and disrupted supply chain, the restrictions imposed affected the company's Production, Turnover and Profits.
The Company has assessed the possible impact of COVID-19 on its financial statements based on the internal and external information available upto the date of approval of these financial results including but not limited to its assessment of company's liquidity, recoverable values of property, plant and equipment, intangible assets and the net realisable values of other assets. The company continues to monitor changes in future economic conditions while taking steps to improve the operational efficiencies and the financial outcome.
Shares of Mishra Dhatu Nigam Ltd was last trading in BSE at Rs.201.05 as compared to the previous close of Rs. 204.3. The total number of shares traded during the day was 26533 in over 737 trades.
The stock hit an intraday high of Rs. 205.05 and intraday low of 198. The net turnover during the day was Rs. 5380410.
