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Mishra Dhatu Nigam Q1 FY27 results: net profit up 27.0% to ₹16.47 crore, revenue up 40.5%
Mishra Dhatu Nigam Limited reported consolidated revenue of ₹239.49 crore in Q1 FY27, up 40.5% from Q1 FY26, while net profit rose 27.0% to ₹16.47 crore. EBITDA increased 7.1% to ₹36.61 crore, but margin declined 4.7 percentage points to 15.3%; revenue and profit were both lower than in Q4 FY26.
Key points
- Consolidated revenue was ₹239.49 crore in Q1 FY27, up 40.5% from ₹170.50 crore in Q1 FY26.
- EBITDA rose 7.1% to ₹36.61 crore, while EBITDA margin fell to 15.3% from 20.0%.
- Net profit increased 27.0% to ₹16.47 crore and basic EPS rose to ₹0.88 from ₹0.69.
- Compared with Q4 FY26, revenue fell 56.7% to ₹239.49 crore and net profit fell 78.9% to ₹16.47 crore.
- The Aerospace & Defense peer set had a median revenue growth of 29.6%, against 40.5% growth at Mishra Dhatu Nigam.
How did Mishra Dhatu Nigam perform in Q1 FY27?
Mishra Dhatu Nigam reported consolidated revenue of ₹239.49 crore in Q1 FY27, up 40.5% from ₹170.50 crore in Q1 FY26. EBITDA rose 7.1% to ₹36.61 crore, but margin fell 4.7 percentage points to 15.3%. Net profit increased 27.0% to ₹16.47 crore, and basic EPS was ₹0.88.
Against Q4 FY26, consolidated revenue fell 56.7% to ₹239.49 crore and EBITDA declined 68.4% to ₹36.61 crore. EBITDA margin fell 5.7 percentage points to 15.3%, while net profit was ₹16.47 crore, down 78.9%, and basic EPS fell to ₹0.88 from ₹4.16.
On a standalone basis, Q1 FY27 revenue was ₹239.49 crore and profit before tax was ₹12.8 crore. Standalone profit after tax was ₹16.31 crore, compared with the consolidated net profit of ₹16.47 crore.
| ₹ crore | Q1 FY27 | Q4 FY26 | Q1 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 239.49 | 552.75 | 170.50 | +40.5% | −56.7% |
| Other income | 9.98 | 14.40 | 7.11 | +40.4% | −30.7% |
| Total expenses | 225.56 | 460.15 | 158.61 | +42.2% | −51.0% |
| EBITDA | 36.61 | 116.02 | 34.17 | +7.1% | −68.4% |
| EBITDA margin | 15.3% | 21.0% | 20.0% | −4.7 pp | −5.7 pp |
| Profit before tax | 23.92 | 107 | 19 | +25.9% | −77.6% |
| Tax | 7.60 | 29.25 | 6.20 | +22.6% | −74.0% |
| Net profit | 16.47 | 77.90 | 12.97 | +27.0% | −78.9% |
| EPS (₹) | 0.88 | 4.16 | 0.69 | +27.5% | −78.8% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Mishra Dhatu Nigam's costs and profit?
Total expenses increased 42.2% from ₹158.61 crore in Q1 FY26 to ₹225.56 crore in Q1 FY27, outpacing the 40.5% rise in revenue. Cost of materials rose 2.3% by ₹2.47 crore, employee cost increased 15.8% by ₹5.09 crore and other expenses rose 13.9% by ₹9.07 crore. Depreciation was higher by ₹0.48 crore, while finance costs fell by ₹0.09 crore.
Other income increased from ₹7.11 crore in Q1 FY26 to ₹9.98 crore in Q1 FY27, a rise of ₹2.87 crore. Profit before tax rose by ₹4.92 crore to ₹23.92 crore, while tax expense increased by ₹1.40 crore to ₹7.60 crore, resulting in net profit of ₹16.47 crore. There was no exceptional item in either quarter.
| ₹ crore | Q1 FY27 | Q1 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 112.16 | 109.69 | +2.47 | +2.3% |
| Employee cost | 37.31 | 32.22 | +5.09 | +15.8% |
| Finance costs | 6.08 | 6.17 | −0.09 | −1.5% |
| Depreciation | 16.60 | 16.12 | +0.48 | +3.0% |
| Other expenses | 74.28 | 65.21 | +9.07 | +13.9% |
| Total expenses | 225.56 | 158.61 | +66.95 | +42.2% |
| Other income | 9.98 | 7.11 | +2.87 | +40.4% |
| Tax | 7.60 | 6.20 | +1.40 | +22.6% |
Source: Company's results filing (XBRL).
How has Mishra Dhatu Nigam done over the last 8 quarters?
Revenue rose year on year in each of the last three quarters. It reached ₹552.75 crore in Q4 FY26 before falling to ₹239.49 crore in Q1 FY27; across the stated trend, Q1 FY26 was the lowest at ₹170.50 crore.
Net profit also increased year on year in each of the last three quarters, rising from ₹12.96 crore in Q2 FY26 to ₹77.90 crore in Q4 FY26, before falling to ₹16.47 crore in Q1 FY27. The stated trend’s lowest profit was ₹12.96 crore in Q2 FY26.
EBITDA margin reached 22.7% in Q4 FY25 and was 21.0% in Q4 FY26, before declining to 15.3% in Q1 FY27. The lowest margin in the stated trend was also 15.3% in the latest quarter, compared with 15.6% in Q2 FY26.
What else did the company announce?
The company filed that 23 September 2026 was fixed as the record date for the FY26 final dividend. Its annual report proposed a final dividend of Rs. 1.25 per equity share of Rs. 10 each, or 12.50%, for the financial year ended 31 March 2026, following confirmation of an interim dividend of Re. 0.85 per share.
The Comptroller and Auditor General of India re-appointed Anjaneyulu & Co, Chartered Accountants, as the company’s statutory auditor for FY 2026-27, according to the same-day filing. The appointment followed the company’s board meeting on 12 August 2026 to approve the audited standalone and consolidated results for the quarter ended 30 June 2026.
How did Mishra Dhatu Nigam shares react?
Mishra Dhatu Nigam’s shares fell 2.1% after five minutes, 2.2% after 15 minutes and 3.4% after 30 minutes from the price when the filing appeared. On the reaction day, the stock closed 1.6% below its previous close, and by the next day’s close it was down 1.4% from that pre-results close.
Earlier reaction-day moves were mixed: the stock fell 5.0% on 12 August 2026, was unchanged on 29 May 2026, fell 1.8% on 12 February 2026 and fell 4.2% on 13 November 2025. It also fell 2.2% on 13 August 2025 and rose 4.7% on 28 May 2025.
| After the filing | Stock | Aerospace & Defense median |
|---|---|---|
| 5 minutes | −2.1% | |
| 15 minutes | −2.2% | |
| 30 minutes | −3.4% | |
| Reaction day | −1.6% | −1.3% |
| Next day | −1.4% | −2.1% |
| 5 days | −13.5% | −5.1% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 12 August 2026 | −5.0% |
| 29 May 2026 | +0.0% |
| 12 February 2026 | −1.8% |
| 13 November 2025 | −4.2% |
| 13 August 2025 | −2.2% |
| 28 May 2025 | +4.7% |
| 4 February 2025 | +2.6% |
| 13 November 2024 | +4.8% |
Source: MarketPing price-reaction measurement.
How did other Aerospace & Defense companies do?
Eighteen other Aerospace & Defense companies had filed results for the quarter, with median revenue growth of 29.6%. Mishra Dhatu Nigam’s revenue growth of 40.5% was faster than 14 peers and slower than four peers. Among the 18 peers for which profit was compared, 11 reported higher profit.
| Mishra Dhatu Nigam revenue growth (YoY) | +40.5% |
|---|---|
| Median of 18 other Aerospace & Defense companies | +29.6% |
| Companies with slower revenue growth than Mishra Dhatu Nigam | 14 of 18 |
| Companies with faster revenue growth than Mishra Dhatu Nigam | 4 of 18 |
| Companies whose net profit rose | 11 of 18 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Mishra Dhatu Nigam's revenue in Q1 FY27?
Revenue from operations was ₹239.49 crore, up 40.5% from ₹170.50 crore in Q1 FY26 (consolidated).
Did Mishra Dhatu Nigam make a profit in Q1 FY27?
Yes. Net profit was ₹16.47 crore, against a net profit of ₹12.97 crore in Q1 FY26.
What was Mishra Dhatu Nigam's EPS in Q1 FY27?
Basic earnings per share were ₹0.88, against ₹0.69 in Q1 FY26.
How did Mishra Dhatu Nigam shares react to the Q1 FY27 results?
On the reaction day the stock moved −1.6% from the previous close; the median Aerospace & Defense stock moved −1.3%.
When did Mishra Dhatu Nigam announce its Q1 FY27 results?
On 8 September 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Financial Results (BSE, 4 August 2026) · PDF
- Outcome of Board Meeting (NSE, 12 August 2026) · PDF
- Reg. 34 (1) Annual Report. (BSE, 8 September 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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