Mishra Dhatu Q2 results: Net profit doubles to ₹28 crore, revenue jumps 41%

Résumé détaillé

Mishra Dhatu Nigam's EBITDA rose 51.6% year-on-year to ₹50 crore in the September quarter, while its order book stood at ₹2,164 crore as of October 1.

Defence PSU Mishra Dhatu Nigam (MIDHANI) reported a strong set of financial results for the second quarter of FY27, with net profit more than doubling year-on-year (YoY), supported by robust revenue growth and improved operating performance.

The company's net profit rose to ₹28 crore in the September quarter, compared with ₹13 crore in the corresponding quarter last year.

Revenue from operations increased 41.1% YoY to ₹296 crore from ₹210 crore a year ago, according to the company's exchange filing.

EBITDA climbed 51.6% to ₹50 crore from ₹33 crore in the year-ago period. The EBITDA margin also improved to 16.8% from 15.6% in the corresponding quarter last year.

Mishra Dhatu Nigam's order book stood at ₹2,164 crore as of October 1, 2026, reflecting its pending order position.

Shares of Mishra Dhatu Nigam ended marginally higher on Wednesday, November 11, gaining 0.1% to close at ₹396.10 on the NSE.

The stock has declined around 10% over the past month but has gained approximately 16% so far in 2026.

Last month, MIDHANI signed a memorandum of understanding (MoU) with the Heavy Water Board (HWB) and the Bhabha Atomic Research Centre (BARC) to develop methods for recovering nickel and cobalt from manufacturing waste.

The MoU was signed on October 27. Both HWB and BARC operate under the Department of Atomic Energy.

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