Mishra Dhatu Nigam Limited — Q1FY27 earnings call summary

Filed 22 August 2026 · Official transcript

Margin compression in Q1 due to LPG price surge and raw material cost inflation; normalization expected by Q3 FY27
Metal bank implementation expected by Q2 FY27 to mitigate raw material supply and cost volatility
Capex of ~Rs. 1,000 Cr planned over 2-3 years; benefits expected after 3-4 years stabilization
Q1 FY27 turnover Rs. 239.49 Cr +40.46% y-y; EBITDA Rs. 46.6 Cr +12.89% y-y; PAT Rs. 16.31 Cr +27.42% y-y
Export target ~10% of turnover, expected to grow 10-15% annually over next 3-4 years
Focus on indigenization and certifications to replace imports and serve global OEMs; approvals expected within ~1 year
Margin variability depends on product mix; Q1 impacted by external cost factors but EBITDA increased in absolute terms
Order book Rs. 2,329 Cr as of July 1, 2026, with 66% defense, 21% space, 9% energy