Mishra Dhatu Nigam Limited — Investor Meet, 10-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MIDHANI posted its highest-ever Q4 turnover at INR410.56 Cr (+1.25% YoY) with PAT up 21% to INR56.14 Cr. FY25 revenue was INR1,074 Cr (+0.13%), EBITDA rose 11% to INR249 Cr, and PAT jumped 21% to INR110 Cr. Exports tripled to ~INR94 Cr and order book stands strong at INR1,832 Cr, 84% Defence-led. The new Titanium plant is fully operational, with full capacity expected in FY26. Management aims for ~20% annual revenue growth, 20-25% EBITDA margins by FY26, driven by Defence, Aerospace, exports, and operational efficiencies. Key collaborations include HAL and Kaveri engine programs, with product performance validated by recent military operations.