Mishra Dhatu Nigam Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
MIDHANI · price
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Mishra Dhatu Nigam Limited (MIDHANI), a defence PSU, reported Q1 FY26 results with turnover of Rs. 170.50 crore, up 4.31% year-on-year from Rs. 163.45 crore. Value of Production grew 14.47% to Rs. 241.29 crore, while EBITDA jumped 32.86% to Rs. 41.28 crore, showing strong margin expansion. Profit Before Tax more than doubled to Rs. 19.00 crore (up 112%), and Profit After Tax surged 150% to Rs. 12.80 crore versus Rs. 5.11 crore in Q1 FY25. The order book stood at a healthy Rs. 1,827 crore as of July 1, 2025. The statutory auditor issued an unmodified limited review report on both standalone and consolidated results, and the company has no defaults on its Rs. 251.64 crore of debt.
Sharp profit growth driven by EBITDA outpacing revenue signals improving operational efficiency and cost discipline, which is positive for shareholders. A robust Rs. 1,827 crore order book provides good revenue visibility, though the modest 4.3% top-line growth suggests the profit surge is more about margin gains than scale expansion.