Midhani zooms on stellar Q3FY20 numbers

Mishra Dhatu Nigam Limited (MIDHANI) has reported its financial numbers for the quarter ending December 2019.

Its standalone revenue for the quarter came in at Rs 206.88 crore as against Rs 153.23 crore in the corresponding quarter last year, registering 35 per cent YoY increase.

EBITDA for the quarter grew by 234.5 per cent YoY to Rs 57.26 crore as against Rs 17.12 crore in the corresponding quarter last year, with a corresponding margin expansion of 1,651 bps. EBITDA margin for the quarter stood at 27.7 per cent.

PAT for the quarter came in at Rs 60.5 crore as against Rs 16.9 crore in the corresponding quarter last year, with a YoY increase of 258 per cent.

Looking at nine-month numbers i.e. for 9MFY20, the revenue jumped by 36 per cent YoY to Rs 509.24 crore while, EBITDA grew by 102 per cent YoY to Rs 147.56 crore. Further, the company reported a net profit of Rs 119.34 crore, up by 137 per cent YoY.

On Thursday, the stock of MIDHANI opened gap up by 7.1 per cent at Rs 177 from its previous close of Rs 165.30 on BSE.