Mishra Dhatu Nigam's Q1 FY 2025-26 Quarterly Results

Result Summary

• Mishra Dhatu Nigam Ltd reported a 57.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 3.7%.
• Its expenses for the quarter were down by 54.5% QoQ and 2.2% YoY.
• The net profit decreased 72.0% QoQ and increased 145.2% YoY.
• The earnings per share (EPS) of Mishra Dhatu Nigam Ltd stood at 0.7 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mishra Dhatu Nigam Ltd, commonly known as MIDHANI, is a key player in the specialized metals and alloys industry in India. The company is primarily engaged in the production of superalloys, titanium alloys, and other special metals, which are critical in defense, aerospace, and energy sectors. As a government-owned enterprise, MIDHANI plays a significant role in supplying materials essential for strategic sectors. While specific recent developments were not provided, MIDHANI is known to continuously enhance its product portfolio to meet advanced technological requirements. Any further details regarding recent business changes or expansions were not available in the provided data.

Revenue

In the first quarter of FY26, Mishra Dhatu Nigam Ltd reported total income of ₹177.61 crores. This represents a significant decrease of 57.1% from the previous quarter (Q4FY25), where the total income stood at ₹413.63 crores. However, when compared year-over-year, the total income increased by 3.7% from ₹171.23 crores in Q1FY25. This indicates a modest growth in revenue over the past year. The quarter-over-quarter decline suggests reduced income generation compared to the last quarter.

Profitability

Profitability metrics reveal that the company achieved a profit before tax of ₹19.00 crores in Q1FY26, which is a substantial decrease of 70.6% from the previous quarter's profit before tax of ₹64.67 crores. Year-over-year, there is a notable increase of 112.1% from ₹8.96 crores in Q1FY25. The profit after tax for Q1FY26 was ₹12.97 crores, marking a 72.0% decline from ₹46.34 crores in Q4FY25, but a 145.2% rise from ₹5.29 crores in Q1FY25. Earnings per share mirrored this trend, falling to ₹0.70 in Q1FY26 from ₹2.50 in Q4FY25, yet increasing from ₹0.30 in Q1FY25, reflecting an enhanced profitability compared to the previous year.

Operating Metrics

Total expenses for Mishra Dhatu Nigam Ltd in Q1FY26 were ₹158.62 crores, showing a 54.5% decrease from ₹348.95 crores in Q4FY25, and a 2.2% decrease from ₹162.26 crores in Q1FY25. The reduction in expenses quarter-over-quarter aligns with the decline in total income. The tax expense for Q1FY26 was ₹6.20 crores, a 66.1% decrease from Q4FY25's tax of ₹18.29 crores, but a 61.0% increase from the tax of ₹3.85 crores in Q1FY25. This indicates a significant change in the tax liability compared to both the previous quarter and the same quarter last year. The company’s financial performance in this quarter indicates fluctuations in its operating metrics relative to both quarterly and annual comparisons.