Mishra Dhatu Nigam Q1 Results Income Hits ₹17,122.61 Lakhs with Net Profit at ₹511.03 Lakhs

Mishra Dhatu Nigam Q1 Results: Mishra Dhatu Nigam (MIDHANI) announced its Q1 results for the financial year 2024-2025 on August 9, 2024. The company reported a total revenue of ₹41,362.87 lakhs, marking a 2.01% increase quarter-over-quarter (QoQ) compared to ₹40,549.60 lakhs in the previous quarter (Q4 FY23).

Revenue from operations saw a slight rise of 0.85% QoQ, reaching ₹39,307.82 lakhs. However, profits before tax took a significant hit, falling by 86.14% QoQ to ₹896.06 lakhs from ₹6,467.22 lakhs in Q4 FY23, indicating a tough quarter for the company.

Employee benefit expenses decreased by 13.6% QoQ, while the cost of materials consumed rose by 25.36% QoQ, impacting the company’s margins. On a year-over-year (YoY) basis, MIDHANI's total expenses were down 53.51% to ₹16,226.55 lakhs.

Despite these changes, the company posted a net profit of ₹511.03 lakhs, down 89% QoQ from the previous quarter. Earnings per share (EPS) also dropped drastically, reaching ₹0.27, compared to ₹2.48 in Q4 FY23.

For More Q1 results check our Twitter Page

Mishra Dhatu Nigam Q1 Results 2024 - 2025

Mishra Dhatu Nigam (MIDHANI) released its Q1 results for the financial year 2024-2025, showing a mixed performance. The company's revenue saw a slight increase quarter-over-quarter (QoQ), but profits took a sharp dip. Below is a detailed summary of the key financial metrics for the quarter.

Source: Click Here

Mishra Dhatu Nigam Current Market Overview

Mishra Dhatu Nigam (MIDHANI) is currently trading at ₹398 per share, showing a small increase of 0.65%. The company's market value stands at ₹7,447 crore. Over the past year, its stock has reached a high of ₹548 and a low of ₹345.

The price-to-earnings (P/E) ratio is quite high at 95.7, indicating the stock may be expensive compared to its earnings. MIDHANI offers a dividend yield of 0.36%, and its returns on capital (ROCE) and equity (ROE) are 9.44% and 7.00% respectively, reflecting moderate profitability.

Quarterly Results

Here is a snapshot of Mishra Dhatu Nigam's recent quarterly results for the periods of December 2023, March 2024, and June 2024. The table highlights key financial indicators, showing the company's performance in terms of sales, expenses, profits, and more.

About Mishra Dhatu Nigam 

Mishra Dhatu Nigam (MIDHANI) is a specialized metals and metal alloy manufacturing company based in Hyderabad, India. Established under the Ministry of Defence, MIDHANI plays a critical role in producing high-quality alloys, including superalloys, titanium, and other special metals for defense, aerospace, and other strategic industries.

It is the only company in India that produces titanium, a vital material used in high-performance applications. MIDHANI’s products are essential for advanced engineering and defense projects, contributing significantly to India's self-reliance in critical materials.

Check our website for more Q1 results