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MIDHANI Registers 48% Turnover Growth in Q2 of FY 2019-20

Metal News - Published on Wed, 06 Nov 2019

Image Source: wikipedia.org
Defence PSU Mishra Dhatu Nigam Limited achieved a net turnover of INR 170.21 crore during the second quarter of FY 2019-20 registering a growth of about 48% compared to INR 115.17 crore during the corresponding period of the previous year. Profit before tax during the 2nd quarter of FY 2019-20 stood at INR 51.98 crore, registering a growth of about 62% over the profit before tax of INR 32.11 crore recorded in the corresponding period of the previous year. Profit after tax during the 2nd quarter of FY 2019-20 stood at INR 35.85 crore, registering a growth of about 75% over the profit after tax of INR 20.54 crore recorded in the corresponding period of the previous year.

The company has achieved a net turnover of INR 302.36 crore during the first half of FY 2019-20, registering a growth of 37% over the Net turnover of INR 221.18 crore recorded in the corresponding period of the previous year. Profit before tax during the first half of FY 2019-20 stood at INR 87.94 crore, registering a growth of about 65% over the profit before tax of INR 53.30 crore recorded in the corresponding period of the previous year.

MIDHANI specializes in manufacturing a wide range of superalloys, titanium, special purpose steels and other special metals and alloys meeting stringent international standards for application in aerospace, defence, atomic energy, power generation, chemical and various other high technology industries.

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Posted By : Rabi Wangkhem on Wed, 06 Nov 2019
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