Mishra Dhatu Nigam Limited has informed the Exchange regarding a press release dated April 01, 2025, titled "MIDHANI's Performance Highlights FY 2024- 25".
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Awaiting price reaction for this filing.
MIDHANI has shared provisional and unaudited performance numbers for FY 2024-25. Total sales came in at around Rs. 1,070 crore, which is almost flat compared to Rs. 1,072.67 crore in the previous year. The company achieved its highest-ever exports of Rs. 94 crore, up sharply from Rs. 63.72 crore in FY 2023-24, a jump of nearly 47%. Overall, domestic sales appear to have softened slightly while the export business has grown strongly. The numbers are provisional and subject to final audited results.
Flat top-line growth may be a mild concern for shareholders, but the record export performance is a positive signal showing growing global demand for MIDHANI's specialty alloys. Investors should watch the final audited results for confirmation and any margin commentary.