Mishra Dhatu Nigam LimitedQ1 FY27 Results & Financial Update
Mishra Dhatu Nigam Limited: Q1 FY27 consolidated results and company financials – revenue ₹239.49 Cr, PAT ₹16.47 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Mishra Dhatu Nigam Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the quarter ended June 30, 2026, Mishra Dhatu Nigam Limited reported a consolidated revenue from operations of INR 239.49 crore and total income of INR 249.47 crore.
The company registered a profit before tax (PBT) of INR 23.92 crore and a profit after tax (PAT) of INR 16.47 crore for the first quarter of fiscal year 2027.
Basic and diluted earnings per share (EPS) for the quarter stood at INR 0.88, reflecting the period's bottom-line performance.
Total expenses for the quarter amounted to INR 225.56 crore, encompassing material consumption, employee benefits, finance costs, and depreciation.
The financial results include the company's share of profit from its joint venture, Utkarsha Aluminium Dhatu Nigam Limited, consolidated under the equity method.
The company maintained a solid order book position standing at INR 2329 crore as of July 1, 2026, offering clear revenue visibility for subsequent quarters.
01 · Business model
What does Mishra Dhatu Nigam do?
Mishra Dhatu Nigam Limited (MIDHANI) is a Mini-Ratna Defence Public Sector Undertaking specializing in the manufacturing of advanced metals and special alloys.
The company caters primarily to strategic sectors such as aerospace, defence, atomic energy, and other high-tech engineering industries in India.
MIDHANI's product portfolio includes superalloys, titanium alloys, special purpose steels, and electrical and electronic alloys supplied in various forms like plates, sheets, strips, and bars.
Operating from its manufacturing facility in Hyderabad, the company engages in complex metallurgy processes requiring high technical expertise and rigorous quality standards.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹239.49 Cr |
| Total income | ₹249.47 Cr |
| Profit before tax | ₹23.92 Cr |
| Profit after tax | ₹16.47 Cr |
| EPS | ₹0.88 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 6.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 10.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹9.98 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Generated INR 239.49 crore in revenue from operations during Q1 FY27, backed by supplies of specialized alloys and metals.
What drove margins
Cost of materials consumed stood at INR 112.16 crore, with changes in inventories contributing an offset of INR 20.87 crore.
Employee benefits expense for the quarter was reported at INR 37.31 crore.
Depreciation and amortization expenses were recorded at INR 16.60 crore, while finance costs stood at INR 6.08 crore.
04 · Demand, customers & order book
Where demand is coming from
The company's order book position stood at INR 2329 crore as on 1st July 2026.
05 · Strategy & new businesses
How the company is trying to change its growth mix
MIDHANI acts as the lead member in the Advanced Materials (Defence) Testing Foundation formed with other public sector entities to develop testing infrastructure.
06 · Reported developments
What changed operationally
Statutory auditors issued an unmodified limited review report on both standalone and consolidated financial results for Q1 FY27.
07 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Total financial indebtedness including loans and revolving facilities like cash credit from banks stood at INR 209.02 crore as on 30th June 2026, with no defaults reported.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Press Release Highlights
The company released its financial results press release on August 12, 2026, highlighting the Q1 FY27 turnover and order book position.
09 · Key Q&A
The quarter, answered directly
What does Mishra Dhatu Nigam do?
Mishra Dhatu Nigam Limited (MIDHANI) is a Mini-Ratna Defence Public Sector Undertaking specializing in the manufacturing of advanced metals and special alloys.
What is the clearest takeaway from Q1 FY27?
During the quarter ended June 30, 2026, Mishra Dhatu Nigam Limited reported a consolidated revenue from operations of INR 239.49 crore and total income of INR 249.47 crore.
What drove revenue or demand?
Generated INR 239.49 crore in revenue from operations during Q1 FY27, backed by supplies of specialized alloys and metals.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 112.16 crore, with changes in inventories contributing an offset of INR 20.87 crore.
What changed operationally beyond the headline numbers?
MIDHANI acts as the lead member in the Advanced Materials (Defence) Testing Foundation formed with other public sector entities to develop testing infrastructure.
What should the next disclosure help confirm?
Monitor the execution progress of the INR 2329 crore order book over upcoming quarters.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Order Book Execution: Monitor the execution progress of the INR 2329 crore order book over upcoming quarters.
- 02
JV Developments: Track future operational updates regarding the Utkarsha Aluminium Dhatu Nigam Limited joint venture project at Nellore.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.