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Mishra Dhatu Nigam Ltd Q3FY24; 68% fall in Profits

Mishra Dhatu Nigam Ltd (MIDHANI) manufactures superalloys, titanium, special purpose steel and other special metals.
It was incorporated in 1973 at Hyderabad as a Government of India Enterprise under the Ministry of Defence. GoI still owns ~74% stake in the company after its IPO in 2018.

Financial Results:

Mishra Dhatu Nigam Ltd reported Revenues for Q3FY24 of ₹252.00 Crores up from ₹231.00 Crore year on year, a rise of 9.09%.

Total Expenses for Q3FY24 of ₹239.00 Crores up from ₹187.00 Crores year on year, a rise of 27.81%.

Consolidated Net Profit of ₹12.00 Crores down 68.42% from ₹38.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.67, down 67.48% from ₹2.06 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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