Q2FY19, Mishra Dhatu posts 7.5 per cent YoY increase in bottom line

Mishra Dhatu Nigam Ltd. reported its results for the quarter ended September 30, 2018  after  market hours today. 
  
Mishra Dhatu Nigam Ltd's standalone revenue for the quarter came in at Rs. 113.9 crore, registering a decline of 1.2  per cent  YoY. Its EBITDA for the quarter rose by 20 per cent  YoY to Rs. 33.54 crore, with a corresponding margin expansion of 522 bps. The EBITDA margin for the quarter stood at 29.4  per cent . 
  
The  net profit  for the quarter came in at Rs. 20.54 crore, an increase of 7.5  per cent YoY . This was due to  increased  interest  costs. PAT margin for the quarter stood at 18 per cent. 
  
Mishra Dhatu Nigam Limited is a  mini-Ratna defence PSU  engaged in  manufacturing  of special steels superalloys and the only manufacturer of titanium alloys in India. 
  

The stock today closed at Rs. 124.60, up by 1.71 per cent from its last close on the BSE.