MIDHANI Q3 FY26 Earnings Call Transcript Released; Highlights Titanium Supply for Ram Mandir
MIDHANI's Q3 FY26 results show a 31.44% turnover growth to ₹275.66 crores and a 18.6% increase in production value to ₹304.05 crores. PAT rose to ₹27.46 crores from ₹12.76 crores in Q2 FY26. The order book stands at ₹2,440 crores. Notable achievements include supplying titanium windows for Ram Mandir and material for the Presidential Dais.
The strong financial performance, significant order book, and strategic achievements in supplying materials for high-profile projects like the Ram Mandir and defense initiatives indicate a substantial positive impact on the company's market position and future prospects.
The company reported strong year-on-year growth in turnover and production value for Q3 FY26, along with increased profitability. Key achievements like supplying materials for significant national projects and receiving critical certifications also contribute to a positive sentiment.
Mishra Dhatu Nigam Limited (MIDHANI) has released the transcript of its Analysts and Investors Meet/Conference Call held on February 17, 2026, to discuss the Q3 FY26 results. The company reported a significant turnover growth of 31.44% in Q3 FY26 compared to Q2 FY26, reaching ₹275.66 crores. Value of production also saw an 18.6% increase to ₹304.05 crores in the same period. Profit before tax (PBT) rose to ₹39 crores, and profit after tax (PAT) stood at ₹27.46 crores for Q3 FY26, a substantial increase from ₹19.11 crores and ₹12.76 crores respectively in Q2 FY26.
For the nine-month period ending December 31, 2025, turnover was ₹655.88 crores, with a value of production growing by 8.86% to ₹801.73 crores. PBT and PAT remained stable at ₹77.1 crores and ₹53.04 crores, respectively. The company's order book position as of January 1, 2026, was ₹2,440 crores.
Key achievements highlighted include the supply of 31 titanium alloy windows for the Ram Janmabhoomi at Ayodhya, marking the first use of titanium for architectural purposes in India. MIDHANI also supplied approximately 90 tons of material for the Presidential Dais for the Republic Day. Furthermore, MIDHANI's super alloys have been certified by CEMILAC, and the company is nearing NADCAP certification for heat treatment. The company is actively involved in supplying critical materials for various Indian aerospace and defense programs, including those from ISRO, DRDO, and HAL, and is in advanced discussions with international clients like Safran.
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