FinanceThursday, November 12, 20261 min read

Mishra Dhatu Nigam shares surge over 8% after Q2 profit more than doubles; MIDHANI jumps 19% in 2026 | Check key levels

By Livemint Markets · Published by Everything Blog

In short

Mishra Dhatu Nigam demonstrated significant operational strength as second-quarter revenue climbed 41.1% year-on-year to reach ₹296 crore. This growth fed into an expanded operating margin of 16.8%, with EBITDA advancing to ₹50 crore. Additionally, the company accumulated a total order book standing at ₹2,164 crore as of 1 October 2026, underpinning future manufacturing activity.

Key points

First-half turnover reached ₹535.40 crore while profit after tax advanced by 72.05% to ₹4…: First-half turnover reached ₹535.40 crore while profit after tax advanced by 72.05% to ₹44.01 crore.
Technical analysis from SBI Securities identified the ₹365 to ₹370 price zone as immediat…: Technical analysis from SBI Securities identified the ₹365 to ₹370 price zone as immediate support for the stock.
The company's shares rebounded with an 18.73% year-to-date gain despite experiencing a 7.…: The company's shares rebounded with an 18.73% year-to-date gain despite experiencing a 7.80% decline over the past month.

Sources checked by our analysis pipeline: 1

Mishra Dhatu Nigam (MIDHANI) shares surged over 8% on Thursday, 12 November, following a strong set of Q2 FY27 results. The defence PSU reported a sharp improvement in profitability, driven by higher revenue and expansion in operating margins.

MIDHANI's net profit more than doubled to ₹28 crore in the July-September quarter of FY27, compared with ₹13 crore in the corresponding period last year.

The company recorded a 41.1% year-on-year (YoY) increase in revenue from operations to ₹296 crore, against ₹210 crore in Q2 FY26, according to its stock exchange filing.

Operating performance remained strong during the quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 51.6% to ₹50 crore from ₹33 crore a year ago. The EBITDA margin improved by 120 basis points to 16.8%, compared with 15.6% in the year-ago quarter.

The company's order book, which reflects its outstanding orders, stood at ₹2,164 crore as of 1 October 2026.

MIDHANI also delivered robust growth during the first six months of FY27, with improvements across turnover, production and profitability.

The company's turnover increased 40.81% to ₹535.40 crore in the…

AI Analysis

Tone

Positive

In short

Key Points

First-half turnover reached ₹535.40 crore while profit after tax advanced by 72.05% to ₹4…: First-half turnover reached ₹535.40 crore while profit after tax advanced by 72.05% to ₹44.01 crore.
Technical analysis from SBI Securities identified the ₹365 to ₹370 price zone as immediat…: Technical analysis from SBI Securities identified the ₹365 to ₹370 price zone as immediate support for the stock.
The company's shares rebounded with an 18.73% year-to-date gain despite experiencing a 7.…: The company's shares rebounded with an 18.73% year-to-date gain despite experiencing a 7.80% decline over the past month.

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AI Analysis

Tone

Positive

In short

Key Points

First-half turnover reached ₹535.40 crore while profit after tax advanced by 72.05% to ₹4…: First-half turnover reached ₹535.40 crore while profit after tax advanced by 72.05% to ₹44.01 crore.
Technical analysis from SBI Securities identified the ₹365 to ₹370 price zone as immediat…: Technical analysis from SBI Securities identified the ₹365 to ₹370 price zone as immediate support for the stock.
The company's shares rebounded with an 18.73% year-to-date gain despite experiencing a 7.…: The company's shares rebounded with an 18.73% year-to-date gain despite experiencing a 7.80% decline over the past month.

Topics

Finance

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Mishra Dhatu Nigam shares surge over 8% after Q2 profit more than doubles; MIDHANI jumps 19% in 2026 | Check key levels

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