{"id":159138,"date":"2024-02-23T08:08:29","date_gmt":"2024-02-23T13:08:29","guid":{"rendered":"https:\/\/44.250.171.167\/?p=159138"},"modified":"2024-02-23T08:08:30","modified_gmt":"2024-02-23T13:08:30","slug":"mishra-dhatu-nigam-ltd-q3fy24-68-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mishra-dhatu-nigam-ltd-q3fy24-68-fall-in-profits\/","title":{"rendered":"Mishra Dhatu Nigam Ltd Q3FY24; 68% fall in Profits"},"content":{"rendered":"\n<p>Mishra Dhatu Nigam Ltd (MIDHANI) manufactures superalloys, titanium, special purpose steel and other special metals.<br>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Mishra Dhatu Nigam Ltd reported Revenues for Q3FY24 of \u20b9252.00 Crores up from \u20b9231.00 Crore year on year, a rise of 9.09%.<\/p>\n\n\n\n<p>Total Expenses for Q3FY24 of \u20b9239.00 Crores up from \u20b9187.00 Crores year on year, a rise of 27.81%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b912.00 Crores down 68.42% from \u20b938.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b90.67, down 67.48% from \u20b92.06 in the same quarter of the previous year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-194-839x1024.png\" alt=\"\" class=\"wp-image-159139\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-194-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-194-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-194-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-194-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-194.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":159139,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,5753],"tags":[9148,13704,13600],"class_list":["post-159138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-industrials","tag-steel","tag-superalloys","tag-titanium"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-194.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":152051,"url":"https:\/\/alphastreet.com\/india\/mishra-dhatu-nigam-ltd-q1fy24-6-rise-in-profits\/","url_meta":{"origin":159138,"position":0},"title":"Mishra Dhatu Nigam Ltd Q1FY24; 6% rise in Profits","author":"Karan_Singh","date":"August 9, 2023","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-459.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-459.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-459.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-459.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-459.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-459.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170161,"url":"https:\/\/alphastreet.com\/india\/mishra-dhatu-nigam-q1-fy26-earnings-results\/","url_meta":{"origin":159138,"position":1},"title":"Mishra Dhatu Nigam Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 14, 2025","format":false,"excerpt":"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. Presenting below are its\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Mishra Dhatu Nigam Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-8.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-8.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-8.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-8.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-8.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-8.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":130587,"url":"https:\/\/alphastreet.com\/india\/mishra-dhatu-nigam-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":159138,"position":2},"title":"Mishra Dhatu Nigam Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 10, 2022","format":false,"excerpt":"https:\/\/youtu.be\/ZpG2vvD29hg Key highlights from Mishra Dhatu Nigam Ltd (MIDHANI) Q4 FY22 Earnings Concall Q&A Highlights: Kavitav Shah from White Equity asked why the inventory of sub-line item, called internally generated scrap and rejected material, is increasing consistently over past 5 years. Sanjay Jha MD said that these scrap materials cannot\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":157691,"url":"https:\/\/alphastreet.com\/india\/mishra-dhatu-nigam-ltd-indias-premier-titanium-alloys-manufacturer\/","url_meta":{"origin":159138,"position":3},"title":"Mishra Dhatu Nigam Ltd &#8211; India&#8217;s premier Titanium alloys manufacturer","author":"Chirag Gupta","date":"January 12, 2024","format":false,"excerpt":"\u201cWe have a growth of almost around 40% on the turnover and also 21% on the value of production compared to FY23. However, there is a drop in the PBT, PAT for FY24 as compared to FY23 on the all quarter basis also and the half yearly basis also. We\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-912364434.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-912364434.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-912364434.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-912364434.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":138302,"url":"https:\/\/alphastreet.com\/india\/mishra-dhatu-nigam-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":159138,"position":4},"title":"Mishra Dhatu Nigam Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"December 1, 2022","format":false,"excerpt":"https:\/\/youtu.be\/OmhvDwFYgxg Key highlights from Mishra Dhatu Nigam Ltd (MIDHANI) Q2 FY23 Earnings Concall Q&A Highlights: [00:08:08] Aditya Deorah of Divisha Investments asked about inventory moving from INR800 crore in FY21 to INR1,091 crore in FY22 and INR1,280 crore for 1H23. Sanjay Kumar Jha MD said inventory is an important part\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":138661,"url":"https:\/\/alphastreet.com\/india\/what-does-the-future-hold-for-devyani-international-ltd-nse-midhani-stock-up-40-in-6-months\/","url_meta":{"origin":159138,"position":5},"title":"What does the future hold for Mishra Dhatu Nigam Ltd.(NSE: MIDHANI)? Stock up 40% in 6 months","author":"Divyansh_Kasana","date":"January 16, 2023","format":false,"excerpt":"Mishra Dhatu Nigam Ltd (NSE: MIDHANI) Ltd, established in 1973 under the Ministry of Defense as a GoI enterprise. The company is one of the leading manufacturers of special steels, superalloys and the only manufacturer of titanium alloys in India. The company produces special steels (martensitic steel, ultra-high strength, austenitic\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"Research Summary","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/159138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=159138"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/159138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/159139"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=159138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=159138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=159138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}