Hot Pursuit     26-May-23
Mishra Dhatu Nigam tumbles after dismal Q4 performance
Mishra Dhatu Nigam slumped 4.38% to Rs 220.50 after the company reported 18% fall in net profit to Rs 66.12 crore despite a 7% rise in topline to Rs 344.57 crore in Q4 FY23 as compared with Q4 FY22.

Value of Production during the fourth quarter of FY 2022-23 stood at Rs 358.78 crore as against Rs 376.17 crore recorded in the corresponding quarter of previous year, down 5% YoY.

EBITDA declined by 18% to Rs 112.24 crore in Q4 FY23 from Rs 137.61 crore in Q4 FY22.

Profit before tax in Q4 FY23 stood at Rs 90.46 crore, down by 18% from Rs 110.46 crore in Q4 FY22.

For the FY 2022-23, the company has achieved a turnover of Rs 871.94 crore, registering a growth of 1% as against Rs 859.49 crore, recorded during the previous FY 2021-22. PAT fell by 12% to Rs 155.87 crore in FY23 from Rs 176.31 crore in FY22.

The order book position of the company as on 1 April 2023 stood at Rs 1,331.04 crore.

During the FY 2022-23, the company paid an interim dividend of Rs 1.68 per equity share and further recommend to pay another Rs 1.67 per equity share as final dividend for FY 2022-23. The total dividend for the financial year 2022-23 is Rs 3.35 per equity share.

Mishra Dhatu Nigam is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals.

Previous News
  Mishra Dhatu Nigam
 ( Results - Analysis 27-May-22   16:14 )
  Mishra Dhatu Nigam standalone net profit declines 58.73% in the September 2023 quarter
 ( Results - Announcements 08-Nov-23   07:38 )
  Mishra Dhatu Nigam consolidated net profit declines 58.55% in the September 2023 quarter
 ( Results - Announcements 08-Nov-23   07:39 )
  MIDHANI edges higher after bagging order worth Rs 285 crore
 ( Hot Pursuit - 20-Aug-24   09:41 )
  Mishra Dhatu Nigam standalone net profit declines 9.15% in the September 2020 quarter
 ( Results - Announcements 11-Nov-20   14:41 )
  Mishra Dhatu Nigam to hold board meeting
 ( Corporate News - 02-Mar-23   10:16 )
  MIDHANI announces board meeting to consider interim divided
 ( Hot Pursuit - 09-Mar-21   09:17 )
  Mishra Dhatu Nigam to consider dividend
 ( Corporate News - 09-Mar-21   10:02 )
  Mishra Dhatu Nigam schedules board meeting
 ( Corporate News - 20-May-22   16:12 )
  Board of Mishra Dhatu Nigam recommends Interim Dividend
 ( Corporate News - 04-Mar-20   10:13 )
  Mishra Dhatu Nigam wins orders worth Rs 357 cr
 ( Corporate News - 13-Dec-23   13:15 )
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