Mishra Dhatu Nigam Q2 profit drops 46% YoY; order book steady at ₹1,869 crore
Published on 13/11/2025 10:13 PM
Mishra Dhatu Nigam Q2 profit drops 46% YoY; order book steady at ₹1,869 croreMIDHANI's Q2 net profit fell 45.6% to ₹12.95 crore, revenue dropped 20%, but its ₹1869 crore order book and rising exports to Boeing, Airbus, and GE signal future growth.By Megha Rani November 13, 2025, 10:13:20 PM IST (Published)1 Min ReadState-owned specialty metals and alloys producer Mishra Dhatu Nigam Ltd (MIDHANI) reported a 45.6% year-on-year decline in net profit to ₹12.95 crore for the quarter ended September 2025, compared to ₹23.82 crore a year earlier.
The company's revenue fell 20% to ₹209.7 crore, down from ₹262.1 crore, while EBITDA declined 32.8% to ₹32.5 crore against ₹49.06 crore in the same quarter last year. Operating margins also narrowed to 15.7% from 18.7% year-on-year, impacted by lower execution and cost pressures.
Despite the subdued quarterly performance, the company maintained a robust order book of ₹1,869 crore as of October 1, 2025, supported by steady demand from the defence, aerospace, and energy sectors.
Chairman and Managing Director N Gowri Sankara Rao had earlier told CNBC-TV18 that the company expects higher production orders in FY26, particularly from the Naval and Aerospace sectors, which could further boost turnover.
He also noted that MIDHANI’s exports have grown steadily over the past three years, with rising orders from global OEMs such as Boeing, Airbus, and GE.Continue Reading(Edited by : Ajay Vaishnav)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsNet profitPSUQ2 EarningsQ2 results