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Writer's pictureCA Vishnu Agarwal

Mishra Dhatu Nigam Limited (MIDHANI) Q4FY24 & FY24 Results:


MIDHANI, a Mini-Ratna Defence PSU, reported its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).


Q4FY24 Financial Highlights:


  • Turnover: ₹405.50 crore (17.68% YoY growth)

  • Value of Production (VoP): ₹281.87 crore (lower than ₹358.78 crore in Q4FY23)

  • EBITDA: ₹88.54 crore (lower than ₹112.25 crore in Q4FY23)

  • Profit After Tax (PAT): ₹46.38 crore (lower than ₹66.11 crore in Q4FY23)


FY24 Financial Highlights:


  • Turnover: ₹1,072.67 crore (record high, 23.02% YoY growth)

  • Value of Production (VoP): ₹1,147.64 crore (4.31% YoY growth)

  • EBITDA: ₹224.09 crore

  • Profit Before Tax (PBT): ₹130.96 crore


Key Takeaways:


  • Mixed Performance: MIDHANI experienced a decline in VoP, EBITDA, and PAT in Q4FY24 compared to the same quarter in the previous year. However, the company achieved a record turnover in FY24, showcasing overall growth.

  • Growth Drivers: The strong annual performance was driven by a robust order book and increased demand for its products in the defense and aerospace sectors.

  • Challenges: The company faced some challenges in Q4FY24, such as higher input costs and supply chain disruptions, which impacted profitability.


Additional Resources:


For more detailed analysis and information, you can refer to the following resources:


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