Mishra Dhatu Nigam announces performance highlights for FY 2021-22

Mishra Dhatu Nigam Limited (MIDHANI) has recorded highest ever sales of Rs. 861.73 Cr. (provisional and unaudited) for FY 2021-22 compared to Rs. 813.23 Cr. for FY 2020-21. Highest ever Exports of Rs. 87.02 Cr. (provisional and unaudited) was recorded for FY 2021-22 compared to Rs. 19.42 Cr. for FY 2020-21. Even with disruption in production activities due to the second wave of COVID-19 pandemic, MIDHANI was able to mitigate the impact on production with better planning and execution.

For the FY 2021-22, continued focus on revenue enhancement and cost reduction has yielded results which have also contributed to the four fold increase in Exports. During the year, MIDHANI continued its focus on cost optimisation measures including indigenisation of various components, increasing outsourcing efforts and rationalisation of manpower. MIDHANI was also bestowed with awards and accolades during the year from leading industry bodies and agencies.

Shares of Mishra Dhatu Nigam Limited was last trading in BSE at Rs. 165.40 as compared to the previous close of Rs. 165.40. The total number of shares traded during the day was 66445 in over 1290 trades.

The stock hit an intraday high of Rs. 166.45 and intraday low of 163.80. The net turnover during the day was Rs. 10993637.00.

Source : Equity Bulls

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MishraDhatuNigam INE099Z01011 MIDHANI PerformanceHighlights FY2022