Results     06-Jul-20
Analysis
Mishra Dhatu Nigam
Sales down 39%, net down 50%
Related Tables
 Mishra Dhatu Nigam : Standalone Results
Mishra Dhatu Nigam has registered 39% fall in its sales to Rs 203.63 crore for the quarter ended March 2020 hit by lockdown related to COVID pandemic. Lower sales together with 830 bps crash in operating profit margin to 24.6% has dragged the operating profit down by 50.11 crore. Other income was up by 15% to Rs 14.19 crore and thus the fall in PBIDT moderated to stand at 48% to Rs 64.30 crore. The interest cost was down by 11% to Rs 1.97 crore and depreciation was up by 11% to Rs 6.63 crore. Thus the PBT was down by 52% to Rs 55.70 crore. The taxation as down by 56% to Rs 15.32 crore and PAT was down by 50% to Rs 40.39 crore.

Yearly performance

Consolidated sales for the period were flat (up 0%) to Rs 712.88 crore. With OPM expand by 190 bps to 27.7%, the operating profit was up by 8% to Rs 197.68 crore. Other income was down by 1% to Rs 36.44 crore and thus the growth at PBIDT restricted at 6% to Rs 234.12 crore. After accounting for lower interest and higher depreciation, the PBT was up by 6% to Rs 202.09 crore. The taxation was down by 30% to Rs 42.35 crore and the PAT was up by 22% to Rs 159.73 crore.

Order Book

The order book position as on Apr 1, 2020 stood at Rs 1687 crore.

Dividend

During the F.Y. 2019-20, the company paid an interim dividend of Rs 1.00 per equity share and further proposes to pay another Rs 1.56 per equity share as final dividend for 2019-20.

Previous News
  Mishra Dhatu Nigam
 ( Results - Analysis 11-Feb-22   21:35 )
  Mishra Dhatu Nigam
 ( Results - Analysis 27-May-22   16:14 )
  Mishra Dhatu Nigam consolidated net profit declines 0.97% in the September 2022 quarter
 ( Results - Announcements 15-Nov-22   17:04 )
  Mishra Dhatu Nigam consolidated net profit declines 66.87% in the December 2023 quarter
 ( Results - Announcements 10-Feb-24   07:34 )
  Mishra Dhatu Nigam to hold board meeting
 ( Corporate News - 20-May-24   17:15 )
  Mishra Dhatu Nigam to conduct board meeting
 ( Corporate News - 13-May-23   17:22 )
  Mishra Dhatu Nigam allots commercial paper aggregating Rs 50 cr
 ( Corporate News - 07-Dec-21   16:31 )
  Mishra Dhatu Nigam standalone net profit declines 49.69% in the March 2020 quarter
 ( Results - Announcements 01-Jul-20   16:29 )
  Mishra Dhatu Nigam fixes record date for interim dividend
 ( Market Beat - Reports 07-Mar-22   09:19 )
  Volumes jump at Muthoot Finance Ltd counter
 ( Hot Pursuit - 17-Feb-20   14:30 )
  Board of Mishra Dhatu Nigam recommends interim dividend
 ( Corporate News - 14-Mar-22   16:33 )
Other Stories
  Apollo Hospitals Enterprise
  04-Jun-24   10:04
  ITL Industries
  01-Jun-24   02:14
  International Combustion (India)
  31-May-24   11:32
  Fluidomat
  31-May-24   11:28
  ISGEC Heavy Engineering
  31-May-24   11:24
  Sreeleathers
  31-May-24   11:20
  Cummins India
  31-May-24   11:18
  Bata India
  31-May-24   09:55
  Tata Steel
  31-May-24   08:36
  India Nippon Electricals
  31-May-24   07:03
Back Top