MIDHANI Q4 FY26 Results: Record Revenue, 39% PAT Growth & ₹2,290 Crore Order Book — Full Analysis

By Kaushik Brahmakshatriya

Published On 07 June 2026.

MIDHANI Q4 FY26 Results

India’s premier defence metallurgy company, Mishra Dhatu Nigam Limited (MIDHANI), has delivered a landmark performance in the fourth quarter of Financial Year 2026. The Hyderabad-based Mini-Ratna PSU, operating under the Government of India, posted its highest-ever quarterly revenue while recording strong double-digit profit growth — confirming its critical role in powering India’s defence and aerospace self-reliance mission.

Q4 FY26 Quarterly Financial Highlights

For the quarter ended March 2026, MIDHANI’s net profit reached ₹78 crore, a 39% jump compared to ₹56 crore posted in the same quarter of the previous year.

Revenue execution was exceptional, with quarterly sales touching ₹552.75 crore — the company’s highest-ever single-quarter revenue, more than doubling from the ₹275.66 crore recorded in December 2025.

MIDHANI Q4 FY26 vs Q4 FY25 Performance

While revenue and profit growth remained strong, the EBITDA margin narrowed slightly to 21% from 23% in the year-ago period, primarily due to higher costs across the quarter

Full Year FY26 Annual Performance

The strength of Q4 FY26 carried the full-year numbers to historic levels as well.

MIDHANI Full Year FY26 vs FY25 Annual Summary

MIDHANI achieved its highest-ever annual turnover of ₹1,208.63 crore in FY26, growing 12.52% from FY25, while net profit for the full year stood at ₹130.79 crore — an 18.82% increase year-on-year.

Order Book & Dividend

MIDHANI Order Book & Shareholder Returns

MIDHANI has rewarded shareholders with a total dividend of ₹2.10 per equity share for FY26, reflecting the company’s confidence in its financial stability and future earnings potential.

What Makes MIDHANI Strategically Important?

MIDHANI is India’s only producer of titanium alloys and specialises in advanced metallurgical products including special steels, superalloys, and titanium-based materials used in defence, aerospace, space, and energy sectors.

Its products are indispensable for jet engines, submarine hulls, missile bodies, and spacecraft components — making it irreplaceable within India’s indigenous defence supply chain.

Q&A Section — People Also Ask

Q1. What was MIDHANI’s revenue in Q4 FY26?

MIDHANI posted its highest-ever quarterly revenue of ₹552.75 crore in Q4 FY26, representing 34.63% growth over the same quarter last year.

Q2. How much profit did MIDHANI earn in Q4 FY26?

The company reported a PAT of approximately ₹78 crore in Q4 FY26, marking a 39% year-on-year increase from ₹56 crore in Q4 FY25.

Q3. What is MIDHANI’s current order book?

MIDHANI’s order book stood at ₹2,290 crore as of April 1, 2026, offering strong revenue visibility for upcoming quarters. (Free Press Journal)

Q4. What dividend did MIDHANI declare for FY26?

The board recommended a final dividend of ₹1.25 per share, taking the total FY26 dividend to ₹2.10 per equity share, subject to shareholder approval at the AGM.

Q5. Is MIDHANI a government company?

Yes. The President of India holds a stable 74% promoter stake in MIDHANI, confirming its status as a public sector undertaking aligned with India’s defence manufacturing objectives. (Markets Mojo)

Q6. What sectors does MIDHANI serve?

MIDHANI supplies high-performance alloys and special metals to the defence forces, ISRO, aerospace manufacturers, naval shipyards, and the energy sector — covering both domestic and strategic export markets.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered advisor before making any investment decisions.we are not responsible for any loss.