BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
NMDC Ltd.’s Q2 FY21 Ebitda declined 7% YoY to Rs 10.3 billion as lower iron ore prices offset the benefit of 14% YoY volume growth.
Outlook for H2 FY21, however, is strong as currently prices are approximately 30% higher (or approximately Rs 800/tonne) than Q2 FY21 average, which should drive significantly higher profitability.
The government’s proposal to levy an additional premium on the company’s renewed mining leases, however, has emerged as a key overhang.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR