In the regulatory filing MIDHANI said continued focus on revenue enhancement and cost reduction yielded results which have contributed to four fold increase in exports.

MIDHANI also said that it continued its focus on cost optimisation measures including indigenisation of various components, increasing outsourcing efforts and rationalisation of manpower.

Mishra Dhatu Nigam is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals. As of 31 December 2021, the Government of India held 74% stake in the company.

The company's consolidated net profit declined 28.6% to Rs 42.92 crore on 19.1% rise in sales to Rs 223.86 crore in Q3 FY22 over Q3 FY21.