MISHRA DHATU NIGAM LTD

Mishra Dhatu Nigam Limited (MIDHANI) reported a turnover of Rs. 239.49 crore for Q1 FY '27, reflecting a growth of 40.46% year-on-year. The value of production increased by 7.9% to Rs. 260.36 crore. Profit before tax rose by 25.89% to Rs. 23.92 crore, while profit after tax increased by 27.42% to Rs. 16.31 crore. The EBITDA for the quarter was Rs. 46.6 crore, showing a growth of 12.89%. Management highlighted the receipt of S400 certification from General Electric, enabling MIDHANI to conduct essential testing for customers. They also discussed ongoing efforts to obtain additional certifications and the successful initiation of isothermal forging for fighter aircraft programs. The order book as of July 1, 2026, stood at Rs. 2,329 crore, with a focus on defense and aerospace sectors. Management acknowledged challenges related to raw material prices and fuel costs but expressed optimism for future growth and stabilization in margins.

Management highlighted significant growth and operational achievements during the quarter.