Q4FY21 Result Update - NMDC - ICICI Direct

NMDC reported an operationally healthy set of numbers for Q4FY21 wherein topline and EBITDA came in higher than our estimate. For Q4FY21, NMDC reported sales volume of 11.1 MT, up 29% YoY, 19% QoQ (our estimate 11.1 MT). For Q4FY21, NMDC reported topline of Rs. 6848 crore (up 115% YoY, 57% QoQ), higher than our estimate of Rs. 6133 crore. Better-than-expected realisation aided Q4FY21. NMDC's blended realisation for Q4FY21 was at Rs. 6138/tonne, up 67% YoY, 32% QoQ, higher than our estimate of Rs. 5500/tonne. EBITDA for the quarter was at Rs. 4242 crore (up 184% YoY, 53% QoQ), higher than our estimate of Rs. 3996 crore. For Q4FY21, EBITDA/tonne was at Rs. 3847/tonne, up 110% YoY, 27% QoQ, higher than our estimate of Rs. 3600/tonne. Ensuing PAT for Q4FY21 was at Rs. 2836 crore, up 35% QoQ (our estimate of Rs. 3031 crore).

For details, click on the link below: Link to the report

Shares of NMDC LTD. was last trading in BSE at Rs.182.25 as compared to the previous close of Rs. 177.7. The total number of shares traded during the day was 1157124 in over 7585 trades.

The stock hit an intraday high of Rs. 184.95 and intraday low of 178.7. The net turnover during the day was Rs. 211774634.

Source : Equity Bulls

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