Margin concerns weigh on NMDC stock despite stellar performance in Q4

The overall rise in production was a pleasant surprise, given the lockdown in Q1FY21

NMDC cashed in on the global metals boom, going by the Q4FY21 results. The PSU, which is India's biggest producer of iron ore, registered Rs 6,848 crore in revenues, a rise of 148 per cent over Rs 3,187 crore reported in Q4FY20. The PAT expanded to Rs 2,828 crore against Rs 351 crore a year ago, a rise of over 700 per cent. NMDC's turnover for FY21 was Rs 15,370 crore versus Rs 11,699 crore in FY20 -- growth of 31 per cent. The PAT for last financial year was Rs 6,253 crore, against Rs 3,610 crore the previous year.