Mishra Dhatu Nigam declares interim dividend of ₹0.75 per share for FY25

State-owned Mishra Dhatu Nigam Ltd (MIDHANI) on Wednesday (March 19) announced an interim dividend of ₹0.75 per equity share, representing 7.50% of the face value of ₹10 per share for the financial year 2024-25.The decision was approved by the company’s Board of Directors in a meeting held on March 19. The record date for determining shareholders eligible to receive the interim dividend has been set as March 25, 2025.

In February this year, N Gowri Sankara Rao,

Chairman and Managing Director of Mishra Dhatu Nigam said the company is expecting more orders in the remaining months of FY25. The current order book is around ₹2,000 crore.
Also Read: Mishra Dhatu Nigam targets 20% revenue growth in FY25Rao underlined that January-March 2025 (Q4FY25) is a crucial period, as MIDHANI typically executes 60-70% of its order book in this quarter. The company has already completed ₹660 crore worth of orders in the first nine months and expects to execute more than ₹400 crore in the current quarter, aiming to surpass last year’s total turnover.

For FY26, he expects higher production orders, especially from the Naval and Aerospace sectors, leading to an increase in turnover. While raw material prices have stabilised, they remain higher than last year due to geopolitical factors. To improve margins, MIDHANI is focusing on using virgin materials, plant reverse usage, and yield improvement, as higher yield directly contributes to better profitability.

Also Read: Mishra Dhatu Nigam expects Pratt and Whitney to contribute ₹60-70 crore to revenues by FY26

Shares of Mishra Dhatu Nigam Ltd ended at ₹284.60, up by ₹22.05, or 8.40%, on the BSE.