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:
MIDHANI Financial Results: https://midhani-india.in/financial-results/
5paisa Share Price: https://www.5paisa.com/stocks/midhani-share-price
Economic Times: https://economictimes.indiatimes.com/mishra-dhatu-nigam-ltd/quarterly/companyid-4499.cms
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