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Mishra Dhatu Nigam Ltd.
08 Feb 2023, 12:00AM
ICICI Securities Limited
Mishra Dhatu Nigam’s (Midhani) Q3FY23 performance was steady – led by higher scrap utilisation. Key takeaways: 1) EBITDA margin came in at 28.4% despite firm raw material and power costs, owing to higher scrap utilisation; 2) orderbook remained broadly static compared to Q2FY23 at Rs14.72bn.
Mishra Dhatu Nigam Ltd. has gained 60.81% in the last 3 Months
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