Mishra Dhatu Nigam (MIDHANI) fell 4.48% to Rs 422.65 after the company's standalone net profit tumbled 72.44% to Rs 5.11 crore in Q1 FY25 as against Rs 18.54 crore posted in Q1 FY24.
Revenue from operations was at Rs 163.45 crore in Q1 FY25, down 12.93% as compared with Rs 187.72 crore posted in Q1 FY24.
Profit before tax slumped 66.47% year on year to Rs 8.96 crore in the quarter ended 30 June 2024.
EBITDA for the June quarter stood at Rs 31.07 crore, down 37.31% from Rs 49.56 crore recorded in the corresponding quarter previous year.
Value of production (VoP) declined 28.71% to Rs 210.79 crore in Q1 FY25 as against Rs 295.66 crore posted in Q1 FY24.
The order book position of the company as on 1 July 2024 stood at Rs 1,757.87 crore.
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Mishra Dhatu Nigam is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals.
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