A key player in India’s metallurgical sector has captured market attention with its remarkable financial performance in the second quarter of FY25. In a significant development that signals robust growth, the company’s shares witnessed a substantial surge of up to 10% on Thursday.
Share Price Movement
The share price of Mishra Dhatu Nigam Limited went up by 9.84 percent to Rs. 336.55 per share on Thursday, an increase from its previous close of Rs. 306.40 per share. The market capitalisation now stands at approximately Rs. 6,304.93 crore as of November 14, 2024.
What Happened
Mishra Dhatu Nigam Limited experienced significant growth, with its share price surging 9.84% to Rs. 336.55. The company’s Q2 FY25 performance exceeded expectations, showing a 15.4% year-over-year revenue increase to Rs. 262 crore and a remarkable 71.4% jump in net profit to Rs. 24 crore.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Mishra Dhatu Nigam Limited’s consolidated revenue from operations has increased by 15.4 percent YOY from Rs. 227 crore in Q2 FY24 to Rs. 262 crore in Q2 FY25 and increased by 60.7 percent QoQ from Rs. 163 crore in Q4 FY24.
The company’s consolidated net profit has increased by 71.4 percent, from Rs. 14 crore in Q2 FY24 to Rs. 24 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 380 percent QoQ from Rs. 5 crore.
Also read….
Market Outlook
The Indian steel and speciality materials sector shows robust growth, with steel production reaching 118 MT and finished steel consumption at 112 MT in FY2024. The high-performance alloys market reached USD 9.75 billion in 2023, driven by aerospace and defence demands. The Indian aerospace sector expects significant growth, targeting USD 54.8 billion by 2033.
The titanium market shows promise at USD 27.91 billion in 2023, while speciality alloys are projected to grow at 6.4% CAGR through 2030, supported by industrialisation and aerospace development.
Shareholding Pattern
As of the November 2024 shareholding pattern, Mishra Dhatu Nigam Limited is primarily held by the promotors at 74 percent, foreign institutional investors hold 1.42 percent, and the public with 16.13 percent.
About Company
Mishra Dhatu Nigam Limited (MIDHANI), founded in 1973 and headquartered in Hyderabad, is a notable public sector enterprise under India’s Ministry of Defence. Known for its expertise in high-performance metals and alloys, Midhani supports critical sectors like aerospace, defence, and nuclear energy with advanced materials. Its mission is to enhance India’s self-reliance in strategic industries by providing indigenous solutions that reduce dependency on foreign suppliers.
MIDHANI operates across multiple high-demand sectors, offering materials that meet stringent industry standards. In aerospace, it manufactures materials crucial for aircraft and spacecraft. The defence sector relies on Midhani for specialised materials used in sophisticated equipment, while its nuclear materials support India’s energy needs. With a diverse portfolio, including titanium, nickel alloys, superalloys, and speciality steels, Midhani ensures quality through its modern casting, forging, and heat treatment facilities.
With strong research and development initiatives, MIDHANI collaborates with top research institutions, focusing on innovation to meet evolving demands. Its strategic role in India’s defence and aerospace industries, backed by consistent revenue growth, underscores its importance in strengthening India’s industrial capabilities and defence self-sufficiency.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
