Mishra Dhatu Nigam Reports 39% Increase in Q4 Net Profit with Record Revenue; Announces ₹1.25 Dividend

Mishra Dhatu Nigam Reports 39% Increase in Q4 Net Profit with Record Revenue; Announces ₹1.25 Dividend
Defence PSU Mishra Dhatu Nigam Ltd (MIDHANI) announced a substantial 39% year-on-year growth in net profit for the fourth quarter of FY26, reaching ₹78 crore, compared to ₹56 crore during the same period last year, driven by an all-time high quarterly turnover and enhanced production value.

Quarterly revenue saw an increase of 34.7%, rising to ₹553 crore from ₹410.5 crore in the previous year. EBITDA ascended 25% compared to last year, totaling ₹117 crore versus ₹93.3 crore, although the EBITDA margin slightly decreased to 21% from the prior 23%.


The company highlighted that it recorded its highest-ever quarterly turnover of ₹552.75 crore for the January-March quarter, marking a growth of 34.63% over the ₹410.56 crore reported a year prior.

Also Read: Mishra Dhatu Nigam share price Q4 net profit jumps 39% amid record turnover; declares Rs 1.25 dividend

The Value of Production (VoP) for the quarter reached ₹392.19 crore, a 19.15% increase from ₹329.16 crore the previous year. Profit Before Tax (PBT) surged by 38.67% to ₹107 crore, up from ₹77.16 crore. Furthermore, the company achieved its highest-ever annual turnover and production value for FY26.

FY26 Performance

For FY26, Mishra Dhatu Nigam reported a record annual turnover of ₹1,208.63 crore, which is a 12.52% increase from ₹1,074.10 crore in FY25. The company’s Value of Production for the year rose 12.04% to ₹1,193.92 crore compared to ₹1,065.62 crore the previous financial year.

Annual EBITDA climbed by 10.69% to ₹275.59 crore from ₹248.97 crore in FY25. Profit Before Tax ascended by 17.98% year-on-year to ₹184.09 crore from ₹156.04 crore. Profit After Tax for FY26 was recorded at ₹130.79 crore, reflecting an 18.82% rise from ₹110.07 crore in the prior financial year.

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

Mishra Dhatu Nigam noted that its order book stood at ₹2,290 crore as of April 1, 2026. The board also proposed a final dividend of ₹1.25 per equity share of face value ₹10 each for FY26, pending shareholder approval at the upcoming Annual General Meeting.

Shares of Mishra Dhatu Nigam Ltd closed at ₹420.65, an increase of ₹4.60, or 1.11%, on the BSE.

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