Defence company Mishra Dhatu Nigam announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Mini-Ratna Defence PSU Mishra Dhatu Nigam Limited (MIDHANI) achieved a Quarterly Turnover of Rs 405.50 crore. in the Q4FY24, marking a 17.68% growth compared to the corresponding quarter of the previous year.
- Value of Production (VoP) for Q4FY24 was Rs 281.87 crore, down from Rs 358.78 crore in the same quarter of the previous year.
- EBITDA for Q4FY24 stood at Rs 88.54 crore, lower than the Rs 112.25 crore recorded in the corresponding quarter of the previous year.
- Profit Before Tax (PBT) in Q4FY24 was Rs 64.67 crore, down from Rs 90.46 crore in the same quarter of the previous year.
- Profit After Tax (PAT) in Q4FY24 was Rs 46.38 crore, a decrease from Rs 66.11 crore in the corresponding quarter of the previous year.
FY24 Financial Highlights:
- The company achieved a record Turnover of Rs 1,072.67 crore in FY24, marking a growth of 23.02% compared to the previous fiscal year.
- Value of Production (VoP) for FY24 was Rs 1,147.64 crore, with a 4.31% growth from the previous fiscal year.
- EBITDA for FY24 stood at Rs 224.09 crore, lower than the Rs 295.29 crore recorded in the previous fiscal year.
- Profit Before Tax (PBT) for FY24 was Rs 130.96 crore, down from Rs 216.55 crore in the previous fiscal year.
- Profit After Tax (PAT) for FY24 was Rs 91.26 crore, a decrease from Rs 155.88 crore in the previous fiscal year.
- An interim dividend of Rs 1.41 per equity share was paid during FY24 on 28.03.2024.
- The order book position of the company as of 1st April 2024 was Rs 1,579.72 crore.