MIDHANI slides as Q1 PAT drops 72% YoY

Revenue from operations was at Rs 163.45 crore in Q1 FY25, down 12.93% as compared with Rs 187.72 crore posted in Q1 FY24.

Profit before tax slumped 66.47% year on year to Rs 8.96 crore in the quarter ended 30 June 2024.

EBITDA for the June quarter stood at Rs 31.07 crore, down 37.31% from Rs 49.56 crore recorded in the corresponding quarter previous year.

Value of production (VoP) declined 28.71% to Rs 210.79 crore in Q1 FY25 as against Rs 295.66 crore posted in Q1 FY24.

The order book position of the company as on 1 July 2024 stood at Rs 1,757.87 crore.

Mishra Dhatu Nigam is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals.