Shares of Mishra Dhatu Nigam (MIDHANI) rose 10 per cent to Rs 193.70 on the BSE in intra-day trade on Thursday after the company said it has recorded the highest ever provisional sales of Rs 810 crore for the financial year 2020-21 (FY21). The state-owned mining company had posted sales worth Rs 712.88 crore for FY 2019-20 (FY20).
For the January-March quarter (Q4FY21), the company reported a 67 per cent year-on-year (YoY) jump in provisional sales at Rs 346 crore against Rs 207 crore in the corresponding quarter of the previous fiscal. For the first nine months (April-December) of FY21, MIDHANI had posted an 8 per cent YoY decline in sales at Rs 464 crore from Rs 506 crore during the same period of the previous fiscal.