NMDC shares will react to Q2 results; margins miss expectations

Detailed summary

NMDC reported sales volumes of 10.48 million tonnes in Q2FY27, compared with 10.72 million tonnes in the corresponding quarter last year, marking a year-on-year decline of around 2.2%.

Shares of NMDCLtd. are expected to open lower on Friday, November 13, after the company reported a mixed set of Q2FY27 results, with revenue beating CNBC-TV18 poll estimates while EBITDA, margins and net profit came in below expectations.

The company reported revenue of ₹6,683 crore for the quarter, compared with the CNBC-TV18 poll estimate of ₹6,180 crore. EBITDA stood at ₹1,940 crore, against the estimate of ₹2,075 crore, while EBITDA margin came in at 29.2%, compared with the expected 33.6%.

Net profit for the quarter stood at ₹1,669 crore, marginally below the poll estimate of ₹1,706 crore.

NMDC reported sales volumes of 10.48 million tonnes in Q2FY27, compared with 10.72 million tonnes in the corresponding quarter last year, marking a year-on-year decline of around 2.2%.

Shares of NMDC settled 0.88% lower at ₹71.07 on Thursday. The stock has declined around 22% so far this year.

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Opening of the article, excerpted from CNBC-TV18. To read the rest, open the article on the publisher's site.