Mishra Dhatu Nigam Limited — Investor Meet, 23-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MIDHANI delivered robust Q1 FY26 results: PAT surged 150.49% to Rs. 12.8 Cr, with EBITDA up 32.86% to Rs. 41.28 Cr. Margins expanded to 24.22% (EBITDA), driven by production efficiency and lower raw material costs. The order book stands strong at Rs. 1,827 Cr, with Rs. 701 Cr more expected in Q2, ensuring ~1.5 years of revenue visibility. Management targets Rs. 1,300-1,500 Cr turnover for FY26, aiming for Rs. 2,000 Cr long-term. Focus remains on strategic materials, new alloy development, and additive manufacturing, despite reliance on imported raw materials. Management is confident in sustained 23-25% EBITDA margins.