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
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Revenue from Operations: ₹490.82 crore, down 22.4% QoQ from ₹632.31 crore, up 5.7% YoY from ₹464.22 crore
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EBITDA: ₹32.12 crore, down 50.9% QoQ, down 34.8% YoY; margin 6.54% (down 407 bps YoY)
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Profit Before Tax (PBT): -₹135.31 crore (loss), vs profit ₹222.96 crore YoY
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Profit After Tax (PAT): -₹120.95 crore (loss), vs ₹143.85 crore YoY
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PAT margin: Negative; impacted by raw material costs and weak realizations
Management Commentary & Strategic Decisions
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Q2 marked by seasonal revenue dip and margin compression from higher input costs in ferrous alloys
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Operational focus on cost controls amid volatile raw material prices and subdued demand
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Appointed new Plant Head for Visakhapatnam unit to enhance efficiency; H1 revenue up 33.8% YoY
Q1 FY26 Earnings Results
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Revenue from Operations: ₹632.31 crore / Total Income ₹1,281.17 crore, up 110.8% QoQ, up 36.9% YoY
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EBITDA: ₹714.25 crore
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Profit Before Tax (PBT): ₹695.93 crore, up 298% QoQ, up 21% YoY
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Profit After Tax (PAT): ₹537.90 crore, up 279% QoQ, up 18% YoY
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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.