Mishra Dhatu Nigam Ltd's Q3FY25 Quarterly Results

Result Summary

• Mishra Dhatu Nigam Ltd reported a 9.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.1%.
• Its expenses for the quarter were down by 11.7% QoQ and 12.7% YoY.
• The net profit increased 7.1% QoQ and increased 99.4% YoY.
• The earnings per share (EPS) of Mishra Dhatu Nigam Ltd stood at 1.4 during Q3FY25.

Financial Statments for Q3FY25

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 is an Indian company primarily engaged in the production and supply of a wide range of special metals and alloys. These products are critical in sectors such as defense, aerospace, power, and nuclear applications. The company's operations are integral to these industries, offering high-performance materials that meet stringent quality standards. As a public sector undertaking, Mishra Dhatu Nigam Ltd plays a significant role in supporting India's strategic sectors with its capabilities in metallurgical processes. While specific recent developments regarding the company are not available in this dataset, its strategic importance remains a constant due to its contributions to key industries.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Mishra Dhatu Nigam Ltd reported a total income of ₹244.98 crores, showing a decrease compared to both the second quarter of the same fiscal year (Q2FY25) and the same quarter in the previous fiscal year (Q3FY24). The total income in Q2FY25 was ₹270.65 crores, reflecting a quarter-over-quarter (QoQ) decline of 9.5%. Compared to Q3FY24, where total income was ₹258.19 crores, there is a year-over-year (YoY) decrease of 5.1%. This decline in revenue might reflect changes in demand, pricing, or other market dynamics affecting the company's operations during this period.

Profitability

Mishra Dhatu Nigam Ltd's profitability metrics show a positive trend despite the drop in total income. The profit before tax (PBT) for Q3FY25 was ₹36.00 crores, representing an increase of 6.1% QoQ from ₹33.92 crores in Q2FY25, and a substantial YoY increase of 90.3% from ₹18.92 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) stood at ₹25.52 crores in Q3FY25, up by 7.1% QoQ from ₹23.82 crores in Q2FY25, and almost doubled YoY from ₹12.80 crores in Q3FY24. The earnings per share (EPS) also increased to ₹1.40 in Q3FY25 from ₹1.30 in Q2FY25 and ₹0.70 in Q3FY24, showing improvements QoQ by 7.7% and YoY by 100%.

Operating Metrics

The company's total expenses decreased to ₹208.99 crores in Q3FY25, a decline of 11.7% QoQ from ₹236.74 crores in Q2FY25, and a 12.7% decrease YoY from ₹239.27 crores in Q3FY24. This reduction in expenses indicates a potential improvement in operational efficiency or cost management strategies. The tax expense for Q3FY25 was ₹10.73 crores, which is a slight increase of 3.5% QoQ from ₹10.37 crores in Q2FY25, and a 66.9% increase YoY from ₹6.43 crores in Q3FY24. The financial data suggests operational stability despite the fluctuations in revenue, as evidenced by the company's ability to maintain profitability through effective expense management and tax planning.