Mishra Dhatu Nigam Ltd Performance Highlights FY 2020-21

Mishra Dhatu Nigam Ltd (MIDHANI) has recorded highest ever sales of Rs. 810 Cr. (provisional and unaudited) for FY 2020-21 compared to Rs. 712.88 Cr. for FY 2019-20. Highest ever Exports of Rs. 19.50 Cr. (provisional and unaudited) was recorded for FY 2020-21 compared to Rs. 10.42 Cr. for FY 2019-20. Even with disruption in production activities for about 45 days during Qi of FY 2020-21, due to the COVID-19 pandemic, MIDHANI was able to mitigate the impact on production with better planning and execution.

For the FY 2020-21 continued focus on revenue enhancement and cost reduction has yielded results and leading industry bodies and agencies have bestowed MIDHANI with several awards and accolades. During the year, MIDHANI continued its focus on cost optimisation measures including indigenisation of various components, increasing outsourcing efforts and rationalisation of manpower.

Shares of Mishra Dhatu Nigam Ltd was last trading in BSE at Rs.176.7 as compared to the previous close of Rs. 177.15. The total number of shares traded during the day was 51227 in over 1417 trades.

The stock hit an intraday high of Rs. 178.65 and intraday low of 176. The net turnover during the day was Rs. 9077853.

Source : Equity Bulls

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