MIDHANI Mishra Dhatu Nigam Q4 FY26 results (Jan–Mar 2026) and concall
MIDHANI reported a strong Q4 and record FY26 performance, driven by highest ever quarterly and annual turnovers, and significant PAT growth. The company achieved record Titanium production and secured key certifications like NADCAP. Strategic initiatives include establishing a metal bank to mitigate raw material supply chain risks and investing in advanced manufacturing facilities. Despite challenges with raw material supply and energy costs, the company maintains a positive outlook with a healthy order book and ambitious growth targets.
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What they filed
Q4 FY26: revenue up 34.5%, net profit up 39.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 262 | 238 | 411 | 170 | 210 −20% | 276 +16% | 553 +35% |
| EBITDA | 49 | 52 | 93 | 34 | 33 −33% | 55 +6% | 116 +25% |
| Net profit | 24 | 25 | 56 | 13 | 13 −46% | 27 +8% | 78 +39% |
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.





