Shares of Mishra Dhatu Nigam Ltd declined 2.61% to Rs 372.50 today, November 14, after the company reported a sharp fall in its September quarter earnings. The stock opened weak and extended losses in early trade.
For Q2 FY26, Mishra Dhatu posted a 45.63% year-on-year drop in net profit to Rs 12.95 crore, compared to Rs 23.82 crore in the same quarter last year. Revenue also fell 20% YoY to Rs 209.7 crore versus Rs 262.1 crore.
Operational performance remained under pressure as EBITDA declined 32.8% YoY to Rs 32.5 crore, down from Rs 49.06 crore a year ago. The EBITDA margin slipped to 15.7%, compared with 18.7% in the previous year’s quarter.
The weak financial performance weighed on sentiment as the stock continued to trade lower through the morning session.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
