Mishra Dhatu Nigam shares surge over 8% after Q2 profit more than doubles; MIDHANI jumps 19% in 2026 | Check key levels

Résumé détaillé

MIDHANI shares rose more than 8% after the defence PSU reported Q2 FY27 net profit more than doubling to ₹28 crore and revenue climbing 41.1% to ₹296 crore. EBITDA margin expanded to 16.8%, while the order book stood at ₹2,164 crore.

Mishra Dhatu Nigam (MIDHANI) shares surged over 8% on Thursday, 12 November, following a strong set of Q2 FY27 results. The defence PSU reported a sharp improvement in profitability, driven by higher revenue and expansion in operating margins.

MIDHANI's net profit more than doubled to ₹28 crore in the July-September quarter of FY27, compared with ₹13 crore in the corresponding period last year.

The company recorded a 41.1% year-on-year (YoY) increase in revenue from operations to ₹296 crore, against ₹210 crore in Q2 FY26, according to its stock exchange filing.

Operating performance remained strong during the quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 51.6% to ₹50 crore from ₹33 crore a year ago. The EBITDA margin improved by 120 basis points to 16.8%, compared with 15.6% in the year-ago quarter.

The company's order book, which reflects its outstanding orders, stood at ₹2,164 crore as of 1 October 2026.

MIDHANI also delivered robust growth during the first six months of FY27, with improvements across turnover, production and profitability.

The company's turnover increased 40.81% to ₹535.40 crore in the first half of FY27, compared with ₹380.22 crore in the corresponding period of the previous financial year.

Value of Production (VoP) rose 14.76% year-on-year to ₹571.15 crore from ₹497.67 crore in H1 FY26.

Profitability recorded an even stronger improvement. Profit before tax (PBT) climbed 64.40% to ₹62.67 crore, compared with ₹38.12 crore in the year-ago period.

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