Mishra Dhatu Nigam shares decline even as Q1 profit doubles, margin expands

Shares of public sector enterprise Mishra Dhatu Nigam Ltd. declined on Thursday, August 14, even after it reported good results in a small quarter — for the April to June period — even as the fourth quarter is the main one for the company.As much as 45% of the company’s business is derived from the fourth quarter.

The company reported a profit after tax of ₹12.96 crore in the first quarter of the financial year 2026, up 145% from the previous year’s ₹5.3 crore.

Its revenue increased 4% to ₹170.5 crore from ₹163.5 crore in the first quarter last year.
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 46% to ₹34.18 crore from ₹23.35 crore in the previous fiscal.Its margins expanded to 20.05% from 14.28% in the year-ago period.

The company’s finance cost declined 10% to ₹61.7 crore from ₹6.85 crore in the June quarter last fiscal. Its other income also declined 8% to ₹7.11 crore from ₹7.77 crore in the same quarter last year.

The company’s order book position stood at ₹1,827 crore, as of July 1, 2025.

Shares of Mishra Dhatu Nigam were trading 1.61% lower at ₹394 apiece around 12.05 pm on Thursday. It has declined nearly 9% in the past month and has gained 15% this year, so far. The company has a market capitalisation of ₹7,500 crore.

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