NMDC Q3 Results Preview: Profit, EBITDA likely to jump over 50% on the back of price hikes
State-run iron ore giant National Mineral Development Corporation (NMDC) is estimated to register a 55 per cent year-on-year jump in standalone net profit to Rs 1,380 crore for the fiscal third quarter, according to Zee Business research. Analysts expect the Hyderabad-headquartered PSU, whose stock has nearly doubled in the past year, to stage a strong performance on the back of price hikes undertaken by the company during Q3.
NMDC is estimated to stage a strong financial performance for the fiscal third quarter. | Image: Reuters