MIDHANI Q2 FY26 Earnings Conference Call Transcript
MIDHANI's Q2 FY26 earnings call reveals a turnover of ₹209.73 crore, robust order book at ₹1,869 crore, and strategic MoUs for metal bank and bulletproof jacket tech.
The announcement provides insights into the company's performance, strategies, and future outlook, which could influence investor sentiment and market expectations.
The announcement discusses financial results, strategic partnerships, and future plans, presenting a balanced view without strong positive or negative indicators.
* MIDHANI held an earnings conference call on 14 Nov 2025, for Q2 FY26 results, hosted by ICICI Securities Limited. * Turnover for Q2 FY26 was ₹209.73 crore, against ₹262.12 crore in the corresponding period of the previous year. * Turnover for H1 FY26 was ₹380.22 crore, against ₹425.57 crore in the corresponding period of the previous year. * Value of Production (VoP) for Q2 FY26 stood at ₹256.38 crore. * VoP for H1 FY26 was ₹497.67 crore, a 3.9% growth against ₹479.01 crore in the corresponding period of the previous year. * Profit before tax for Q2 FY26 was ₹19.13 crore, and for H1 FY26 was ₹38.12 crore. * Profit after tax for Q2 FY26 was ₹12.77 crore, and for H1 FY26 was ₹25.58 crore. * EBITDA and PAT margins for H1 stood at 21.82% and 6.73%, respectively. * Order book position remains robust at ₹1,869 crore as of 1 Oct 2025. * MIDHANI entered into a Memorandum of Understanding (MoU) on 10 Nov 2025 for creating a metal bank at Midhani to ensure uninterrupted production and supplies of projects of national importance. * Signed a MoU for ABHED bulletproof jacket technology developed by DRDO and IIT Delhi. * The company aims to achieve a turnover of ₹1,300 crore with EBITDA margins of 23% to 25% for FY26. The growth drivers for H2 FY26 will be the super alloy and titanium alloy business. * The current order book is about ₹2,200 crore, with approximately ₹500 crore worth of orders in the pipeline. * Management expects at least 10% to 15% exports in the coming 2 to 3 years. * The company is targeting at least 10% growth every year and is planning capex to install new equipment and improve productivity.
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