MIDHANI Mishra Dhatu Nigam Q2 FY26 results (Jul–Sep 2025) and concall
MIDHANI reported a decline in Q2 and H1 FY26 revenues, primarily due to longer processing times for high-value orders and raw material supply chain issues, leading to inventory build-up. Despite this, H1 EBITDA and PAT margins were maintained. The company's order book remains strong at INR2,220 crores, with an additional INR500 crores in pipeline, and strategic initiatives like the metal bank and ABHED technology are set to bolster future growth and reduce dependencies.
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What they filed
Q2 FY26: revenue down 19.8%, net profit down 45.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 262 | 238 | 411 | 170 | 210 −20% |
| EBITDA | 49 | 52 | 93 | 34 | 33 −33% |
| Net profit | 24 | 25 | 56 | 13 | 13 −46% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
