NMDC Q3 Review - Strong Show, Attractive Valuations Drive Positive Outlook: Prabhudas Lilladher 
NMDC Ltd. (image: Company website)

NMDC Q3 Review - Strong Show, Attractive Valuations Drive Positive Outlook: Prabhudas Lilladher 

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.

Prabhudas Lilladher Report

NMDC Ltd. reported Q3 FY21 Ebitda above our/consensus estimates by 8%/16%.

The beat was largely due to better than expected performance on both realisations and cost.

Unlike past, the company has been forthcoming this time in undertaking price hikes in tandem with strong global prices and shortage in domestic market.

Company reduced prices by 11%-12% in last week due to softness in domestic demand, improved supplies in Odisha and slide in global prices.

Click on the attachment to read the full report:

Prabhudas Lilladher NMDC Q3FY21 Result Update.pdf

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