MIDHANI Q2 FY27 results at a glance
MISHRA DHATU NIGAM LTD Q2 FY27 key results metrics| Quarter | Q2 FY27 |
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| Quarter ended | 30 Sept 2026 |
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| Revenue | ₹296 cr |
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| Revenue YoY | +42.4% |
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| Operating profit | ₹33.17 cr |
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| Operating margin | 11.2% |
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| Net profit | ₹27.84 cr |
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| Net profit YoY | +114.8% |
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| Net profit QoQ | +69.0% |
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| Net margin | 9.4% |
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| Basic EPS | ₹1.49 |
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| TTM revenue | ₹1,329 cr |
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| TTM net profit | ₹150 cr |
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| TTM net margin | 11.3% |
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MIDHANI Q2 FY27 results: what the numbers say
MISHRA DHATU NIGAM LTD (MIDHANI) has reported its Q2 FY27 results for the quarter ended 2026-09-30. The company posted revenue of ₹296 cr and a net profit of ₹27.84 cr, translating into earnings per share of ₹1.49.
Compared with the same quarter a year earlier, revenue grew strongly by +42.4% and net profit grew sharply by +114.8%. Profit rising faster than revenue points to better cost control or operating leverage flowing through the P&L.
Operating profit for the quarter stood at ₹33.17 cr, an operating margin of 11.2% versus 7.7% a year ago — a gain of 3.5 percentage points.
MIDHANI quarter-wise results table
Net profit
₹27.84 cr
+114.8% YoY
Operating profit
₹33.17 cr
+107.5% YoY
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MISHRA DHATU NIGAM LTD (MIDHANI) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q2 FY272026-09-30 | ₹296 cr | ₹33.17 cr | ₹27.84 cr | 11.2% | 9.4% | ₹1.49 | +114.8% | +69.0% |
| Q1 FY272026-06-30 | ₹227 cr | ₹20.01 cr | ₹16.47 cr | 8.8% | 7.2% | ₹0.88 | +27.0% | -78.9% |
| Q4 FY262026-03-31 | ₹531 cr | ₹99.35 cr | ₹77.9 cr | 18.7% | 14.7% | ₹4.16 | — | +181.8% |
| Q3 FY262025-12-31 | ₹275 cr | ₹37.75 cr | ₹27.64 cr | 13.8% | 10.1% | ₹1.48 | — | +113.3% |
| Q2 FY262025-09-30 | ₹208 cr | ₹15.98 cr | ₹12.96 cr | 7.7% | 6.2% | ₹0.69 | — | -0.1% |
| Q1 FY262025-06-30 | ₹169 cr | ₹18.05 cr | ₹12.97 cr | 10.7% | 7.7% | ₹0.69 | — | — |
| TTM (last 4 quarters) | ₹1,329 cr | ₹190 cr | ₹150 cr | 14.3% | 11.3% | ₹8.01 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
MIDHANI quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
MISHRA DHATU NIGAM LTD quarterly income statement| Particulars | Q2 FY272026-09-30 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q2 FY262025-09-30 | Q1 FY262025-06-30 |
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| Revenue / Sales | ₹296 cr | ₹227 cr | ₹531 cr | ₹275 cr | ₹208 cr | ₹169 cr |
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| Total expenses | ₹267 cr | ₹207 cr | ₹432 cr | ₹237 cr | ₹192 cr | ₹151 cr |
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| Gross profit | — | ₹136 cr | ₹225 cr | ₹171 cr | ₹136 cr | ₹130 cr |
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| Operating profit (EBIT) | ₹33.17 cr | ₹20.01 cr | ₹99.35 cr | ₹37.75 cr | ₹15.98 cr | ₹18.05 cr |
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| Operating margin | 11.2% | 8.8% | 18.7% | 13.8% | 7.7% | 10.7% |
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| Interest cost | ₹4.75 cr | ₹6.08 cr | ₹6.75 cr | ₹6.34 cr | ₹5.79 cr | ₹6.17 cr |
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| Profit before tax | ₹38.75 cr | ₹24.07 cr | ₹107 cr | ₹39.15 cr | ₹19.31 cr | ₹19.16 cr |
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| Tax expense | ₹11.06 cr | ₹7.6 cr | ₹29.25 cr | ₹11.51 cr | ₹6.35 cr | ₹6.2 cr |
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| Effective tax rate | 28.5% | 31.6% | 27.3% | 29.4% | 32.9% | 32.3% |
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| Net profit (PAT) | ₹27.84 cr | ₹16.47 cr | ₹77.9 cr | ₹27.64 cr | ₹12.96 cr | ₹12.97 cr |
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| Net profit margin | 9.4% | 7.2% | 14.7% | 10.1% | 6.2% | 7.7% |
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| Basic EPS | ₹1.49 | ₹0.88 | ₹4.16 | ₹1.48 | ₹0.69 | ₹0.69 |
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| Diluted EPS | — | ₹0.88 | ₹4.16 | ₹1.48 | ₹0.69 | ₹0.69 |
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MIDHANI results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q2 FY27 | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
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| Revenue YoY | +42.4% | +35.0% | — | — | — | — |
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| Revenue QoQ | +30.1% | -57.2% | +93.5% | +32.1% | +23.3% | — |
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| Operating profit YoY | +107.5% | +10.8% | — | — | — | — |
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| Operating profit QoQ | +65.8% | -79.9% | +163.2% | +136.2% | -11.5% | — |
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| Net profit YoY | +114.8% | +27.0% | — | — | — | — |
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| Net profit QoQ | +69.0% | -78.9% | +181.8% | +113.3% | -0.1% | — |
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| EPS YoY | +115.9% | +27.5% | — | — | — | — |
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| EPS QoQ | +69.3% | -78.8% | +181.1% | +114.5% | 0.0% | — |
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MIDHANI annual results history
Full-year performance for MISHRA DHATU NIGAM LTD, useful for reading each quarter in context.
MISHRA DHATU NIGAM LTD annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹1,182 cr | ₹1,053 cr | ₹1,031 cr | ₹850 cr |
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| Total expenses | ₹994 cr | ₹882 cr | ₹881 cr | ₹630 cr |
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| Gross profit | ₹604 cr | ₹565 cr | ₹526 cr | ₹632 cr |
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| Operating profit (EBIT) | ₹188 cr | ₹170 cr | ₹150 cr | ₹220 cr |
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| Operating margin | 15.9% | 16.2% | 14.5% | 25.8% |
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| Interest cost | ₹25.05 cr | ₹29.45 cr | ₹34.58 cr | ₹25.73 cr |
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| Profit before tax | ₹185 cr | ₹157 cr | ₹131 cr | ₹217 cr |
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| Tax expense | ₹53.31 cr | ₹45.97 cr | ₹39.7 cr | ₹60.67 cr |
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| Effective tax rate | 28.9% | 29.3% | 30.2% | 28.0% |
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| Net profit (PAT) | ₹131 cr | ₹111 cr | ₹91.78 cr | ₹156 cr |
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| Net profit margin | 11.1% | 10.5% | 8.9% | 18.4% |
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| Basic EPS | ₹7.02 | ₹5.92 | ₹4.90 | ₹8.34 |
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| Diluted EPS | ₹7.02 | ₹5.92 | ₹4.90 | ₹8.34 |
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Revenue trend and demand read-through
Topline for Q2 FY27 came in at ₹296 cr against ₹208 cr in Q2 FY26, and ₹227 cr in the preceding Q1 FY27 quarter.
On a sequential basis revenue grew +30.1%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹267 cr, or 90.4% of revenue, with operating profit grew +107.5% year on year.
Margins, tax and profitability
Net profit of ₹27.84 cr works out to a net margin of 9.4% compared with 6.2% in the year-ago quarter. Margin expansion of this kind usually reflects a better product or service mix, softer input costs, or tighter overheads.
Below the operating line, MISHRA DHATU NIGAM LTD reported profit before tax of ₹38.75 cr, a tax charge of ₹11.06 cr (effective rate 28.5%), interest cost of ₹4.75 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹16.47 cr in Q1 FY27 to ₹27.84 cr in Q2 FY27, a change of +69.0%.
Trailing twelve months and annual context
Across the trailing four quarters MISHRA DHATU NIGAM LTD has generated revenue of ₹1,329 cr and net profit of ₹150 cr, a trailing net margin of 11.3%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹1,182 cr with net profit of ₹131 cr and EPS of ₹7.02, versus the prior year where revenue grew +12.3% and profit grew +18.6%.
What to watch in the next MIDHANI quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A sustained run of year-on-year profit growth is what usually drives a re-rating rather than any single quarter.
No next results date is available in the board-meeting calendar. Statement figures update when Yahoo Finance makes them available; this is not an immediate exchange-filing feed.
Financial figures here are supplied through Yahoo Finance fundamentals and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
MIDHANI results coverage
No results report published for MIDHANI yet — our desk covers each quarter within minutes of the filing.
MIDHANI results date history
MISHRA DHATU NIGAM LTD past board meeting dates for financial results| Board meeting date | Purpose | Details |
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| 11 Nov 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
More on MIDHANI
MIDHANI quarterly results FAQs
What were MISHRA DHATU NIGAM LTD (MIDHANI) Q2 FY27 results?
In Q2 FY27 (quarter ended 30 Sept 2026), MISHRA DHATU NIGAM LTD reported revenue of ₹296 cr and net profit of ₹27.84 cr, a change of +114.8% year on year on +42.4% revenue growth. EPS stood at ₹1.49.
What is MIDHANI profit margin in Q2 FY27?
MISHRA DHATU NIGAM LTD posted a net profit margin of 9.4% and an operating margin of 11.2% in Q2 FY27. On a trailing twelve-month basis, revenue is ₹1,329 cr and net profit ₹150 cr.
Did MIDHANI results beat the previous quarter?
MISHRA DHATU NIGAM LTD net profit changed +69.0% quarter on quarter, from ₹16.47 cr in Q1 FY27 to ₹27.84 cr in Q2 FY27.
When are MISHRA DHATU NIGAM LTD (MIDHANI) quarterly results?
MISHRA DHATU NIGAM LTD has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Where can I see MIDHANI latest quarterly results?
Results coverage for MIDHANI will appear here as soon as the company reports. Meanwhile you can track live price and technicals on the MIDHANI stock page.
What is MISHRA DHATU NIGAM LTD annual revenue and profit?
For FY26, MISHRA DHATU NIGAM LTD reported full-year revenue of ₹1,182 cr and net profit of ₹131 cr, with EPS of ₹7.02.
How many quarterly results has MIDHANI declared recently?
MIDHANI has held 1 recent board meetings for financial results, the last on 11 Nov 2026.
Results dates: NSE board-meeting calendar. Financial figures: Yahoo Finance fundamentals, not a direct exchange filing feed. Last successful data fetch 11 Nov 2026. Figures can be delayed; results change only when the provider publishes them. For information only, not investment advice.
