New Delhi: Mishra Dhatu Nigam Limited (MIDHANI), a Mini-Ratna defence Public Sector Undertaking (PSU), has reported a robust financial performance for the first quarter of FY26, with a significant 150.49% increase in Profit After Tax (PAT), reflecting strong operational efficiency and demand momentum in the defence and strategic materials segment.
Steady Growth in Revenue and Profitability
The company achieved a Revenue from Operations of ₹170.50 crore during the quarter ended June 30, 2025, marking a 4.31% increase compared to ₹163.45 crore in the same period last year.
Profit Before Tax (PBT) stood at ₹19.00 crore, registering an impressive 112.05% growth over the ₹8.96 crore reported in Q1 FY25.
Profit After Tax (PAT) surged to ₹12.80 crore, compared to ₹5.11 crore in the corresponding quarter last year — a jump of 150.49%.
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Operational Performance and Production Output
The company’s Value of Production (VoP) stood at ₹241.29 crore in Q1 FY26, a 14.47% increase over ₹210.79 crore in Q1 FY25.
The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to ₹41.28 crore, up 32.86% from ₹31.07 crore in the previous year’s first quarter.
Order Book Indicates Strong Future Pipeline
As of July 1, 2025, MIDHANI’s order book stood at ₹1,827 crore, indicating strong and sustained demand for its high-performance alloys and strategic materials used across defence, aerospace, and energy sectors.
Outlook
MIDHANI’s Q1 results reflect its continued focus on indigenization, cost control, and capacity utilization. With a healthy order pipeline and growing production capabilities, the company is well-positioned to maintain growth momentum in upcoming quarters, aligning with India’s “Make in India” and strategic defence initiatives.
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About MIDHANI
MIDHANI (Mishra Dhatu Nigam Limited) is a premier government owned metallurgical enterprise specializing in the production of high-performance alloys and special metals for strategic sectors like defense, aerospace, and nuclear energy. It plays a crucial role in developing advanced materials essential for India’s technological and security needs.
