Mishra Dhatu Nigam's Q2 FY 2025-26 Quarterly Results

Result Summary

• Mishra Dhatu Nigam Ltd reported a 23.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 19.2%.
• Its expenses for the quarter were up by 25.8% QoQ and down 15.7% YoY.
• The net profit decreased 0.1% QoQ and decreased 45.6% YoY.
• The earnings per share (EPS) of Mishra Dhatu Nigam Ltd stood at 0.69 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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, often abbreviated as MIDHANI, is a government-owned company in India that operates in the specialized metallurgy sector. The company is known for manufacturing a wide range of superalloys, titanium, special purpose steels, and other materials critical to industries such as defense, aerospace, power generation, and nuclear technology. As a defense PSU (Public Sector Undertaking), MIDHANI plays a significant role in India's strategic sectors by providing materials that are vital for the manufacture of missiles, aircraft, and naval vessels. While the company has a solid foundation in the specialized alloys market, there is no information about any recent significant developments within this dataset.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Mishra Dhatu Nigam Ltd reported a total income of ₹218.66 crores. This marks a quarter-over-quarter (QoQ) increase of 23.1% from ₹177.61 crores in Q1FY26. However, when compared to the second quarter of the previous fiscal year (Q2FY25), the total income decreased by 19.2% from ₹270.65 crores. The changes in income reflect fluctuations in the company's revenue stream over the specified periods. The quarterly and yearly variations in income levels are notable and should be closely monitored for ongoing trends.

Profitability

The company's profit before tax for Q2FY26 was ₹19.13 crores, showing a slight QoQ increase of 0.7% from ₹19.00 crores in Q1FY26. However, this represents a significant year-over-year (YoY) decline of 43.6% from ₹33.92 crores in Q2FY25. Tax expenses for Q2FY26 amounted to ₹6.35 crores, increasing by 2.4% QoQ but decreasing by 38.8% YoY. The resulting profit after tax for Q2FY26 was ₹12.96 crores, nearly unchanged from ₹12.97 crores in Q1FY26 but down by 45.6% compared to ₹23.82 crores in Q2FY25. Earnings per share remained stable at ₹0.69 from the previous quarter, yet decreased significantly from ₹1.27 in the previous year.

Operating Metrics

Total expenses for Q2FY26 were recorded at ₹199.54 crores, reflecting a 25.8% increase compared to ₹158.62 crores in Q1FY26. When examined on a YoY basis, total expenses decreased by 15.7% from ₹236.74 crores in Q2FY25. These expense dynamics play a crucial role in understanding the company's operational efficiency and cost management strategies over different periods. Analyzing these changes reveals significant movements in operational costs, although further details would be required for a deeper understanding of the underlying factors.