Hyderabad: Mid-cap defence PSU Mishra Dhatu Nigam Ltd (MIDHANI) surged 4.8% on the BSE to ₹438.10 on Thursday after the company reported record quarterly and annual financial results for the fiscal year ending March 2025.
Strong Q4 Performance
MIDHANI posted its highest-ever quarterly turnover of ₹410.56 crore in Q4FY25, reflecting a 1.25% year-on-year increase from ₹405.50 crore in Q4FY24. The Value of Production (VoP) during the quarter rose to ₹329.16 crore, marking a 16.7% jump compared to ₹281.87 crore in the same quarter last year.
Record Annual Turnover for FY25
For the full financial year FY25, MIDHANI clocked its highest-ever turnover at ₹1,074.10 crore, slightly up from ₹1,072.67 crore in FY24. The company’s order book stood at ₹1,832 crore as of April 2025, indicating strong future revenue visibility.
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Profitability on the Rise
- Operating Profit (PBDIT): ₹93.34 crore
- Operating Margin: Improved to 22.73%, showcasing higher operational efficiency
- Profit Before Tax (PBT): ₹69.62 crore, up 23.2% YoY
- Profit After Tax (PAT): ₹56.20 crore, a 21.3% YoY increase
- Earnings Per Share (EPS): Rose to ₹3.00
- These figures underline MIDHANI’s improved profitability and cost management, despite modest revenue growth.
Market Reaction and Valuation Metrics
Investors responded positively to the results, with the stock gaining 4.8% in intraday trade. MIDHANI now has a market capitalization of ₹8,170 crore, and offers a dividend yield of 0.17%.
Outlook
The company’s sustained order inflow, healthy margins, and operational efficiency place it on strong footing for the upcoming fiscal. With its focus on strategic defence and aerospace segments, MIDHANI is expected to continue benefiting from increased government spending in these sectors.
About MIDHANI
Mishra Dhatu Nigam Limited (MIDHANI) is a Government of India Enterprise that manufactures and supplies strategic materials, particularly high-technology metals and alloys, to the defense and other strategic sectors in India. Established in 1973 in Hyderabad, MIDHANI’s primary goal is to achieve self-reliance in the production of critical materials.
