Maithan Alloys Q2 FY26 Earnings Results

Maithan Alloys is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. It is also engaged in the generation and supply of Wind Power and has a Captive Power Plant.

 

Q2 FY26 Earnings Results

• Revenue from Operations: ₹490.82 crore, down 22.4% QoQ from ₹632.31 crore, up 5.7% YoY from ₹464.22 crore​

• EBITDA: ₹32.12 crore, down 50.9% QoQ, down 34.8% YoY; margin 6.54% (down 407 bps YoY)​

• Profit Before Tax (PBT): -₹135.31 crore (loss), vs profit ₹222.96 crore YoY​

• Profit After Tax (PAT): -₹120.95 crore (loss), vs ₹143.85 crore YoY​

• PAT margin: Negative; impacted by raw material costs and weak realizations​

 

Management Commentary & Strategic Decisions

• Q2 marked by seasonal revenue dip and margin compression from higher input costs in ferrous alloys​

• Operational focus on cost controls amid volatile raw material prices and subdued demand​

• Appointed new Plant Head for Visakhapatnam unit to enhance efficiency; H1 revenue up 33.8% YoY​

 

 

Q1 FY26 Earnings Results

• Revenue from Operations: ₹632.31 crore / Total Income ₹1,281.17 crore, up 110.8% QoQ, up 36.9% YoY​

• EBITDA: ₹714.25 crore​

• Profit Before Tax (PBT): ₹695.93 crore, up 298% QoQ, up 21% YoY​

• Profit After Tax (PAT): ₹537.90 crore, up 279% QoQ, up 18% YoY​

• PAT margin: Strong, boosted by other income; EPS ₹184.20

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.