Shares of Mishra Dhatu Nigam Ltd (MIDHANI) ended 1% higher after touching a day’s high of Rs 419.70 on 16th September, after the firm announced it has secured a significant order worth Rs 136 crore, taking its open order book to around Rs 1,983 crore to date.

MIDHANI reported a strong Q1FY26 performance, with profit after tax rising 145% to Rs 12.96 crore from Rs 5.3 crore a year ago. Revenue increased 4% to Rs 170.5 crore, up from Rs 163.5 crore in Q1FY25.

EBITDA jumped 46% to Rs 34.18 crore, with margins expanding to 20.05% from 14.28% last year. Finance costs fell 10% to Rs 6.17 crore, while other income was Rs 7.11 crore, slightly down from Rs 7.77 crore.

For FY26, the company expects higher production orders, especially from the Naval and Aerospace sectors, which should boost turnover.

At 3:30 PM, the shares of Mishra Dhatu Nigam ended 1.17% higher at Rs 411 on NSE.

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