Fri Nov 15 12:13:19 UTC 2024: ## MIDHANI Reports Strong Q2 Growth in FY 2024-25

**HYDERABAD, INDIA – November 15, 2024** – Mishra Dhatu Nigam Limited (MIDHANI), a Mini-Ratna Defence Public Sector Undertaking (PSU), has announced impressive financial results for the second quarter of the current fiscal year (FY 2024-25). The company reported a significant increase in turnover, profit before tax (PBT), and profit after tax (PAT) compared to the same period last year.

MIDHANI’s turnover during the second quarter reached ₹262.12 crore, representing a growth of 15.22% over the ₹227.49 crore achieved in the corresponding quarter of FY 2023-24. The company’s strong order book position, which stood at ₹1,819.89 crore as of October 1, 2024, is indicative of its robust future prospects.

The company’s profitability also witnessed a remarkable surge. PBT for the quarter reached ₹33.92 crore, a 64.34% increase compared to ₹20.64 crore in the previous year. PAT rose by 70.04% to ₹23.55 crore, up from ₹13.85 crore in the previous year’s corresponding quarter.

Looking at the overall performance for the first half of FY 2024-25, MIDHANI has achieved a turnover of ₹425.57 crore, representing a 2.50% growth over the previous year. However, the value of production (VoP) stood at ₹479.01 crore, a slight decline from ₹586.49 crore recorded in the same period last year.

Despite the decrease in VoP, MIDHANI maintained its strong profitability. PBT for the first half reached ₹42.88 crore, while PAT stood at ₹28.66 crore. These positive financial results underscore MIDHANI’s commitment to delivering high-quality products and services to its clients while maintaining a healthy financial position.

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