Defence stock jumps 4% after its net profit increases by 99.46% in Q3Defence stock jumps 4% after its net profit increases by 99.46% in Q3

Introduction:

Defence stock reported a 5.56% decline in Q3 net sales to ₹237.97 crore. Despite this, net profit surged 99.46% to ₹25.52 crore, driven by efficiency. EBITDA grew by 41.17% to ₹59.46 crore, with EPS rising to ₹1.36 from ₹0.68.

Share Price movement of Mishra Dhatu Nigam:

On February 4, 2025, Mishra Dhatu Nigam Ltd opened at ₹300.00, the stock reached a high of ₹314.90 up 5.2% from its previous close of ₹299.25 and a low of ₹297.50. By 02:19 PM, it traded at ₹308.15, with a market cap of ₹5,772.88 crore.

Mishra Dhatu Nigam Q3 results:

Mishra Dhatu Nigam reported consolidated net sales of ₹237.97 crore for December 2024, down 5.56% compared to ₹251.98 crore in the same period last year. The decrease in sales reflects a slight dip in business performance.

Despite the decline in sales, the company saw a significant increase in net profit, which rose by 99.46% to ₹25.52 crore in December 2024, up from ₹12.80 crore in the previous year. This growth was driven by improved operational efficiency.

EBITDA for the quarter stood at ₹59.46 crore, showing a healthy growth of 41.17% compared to ₹42.12 crore in December 2023. The company’s earnings per share (EPS) also increased to ₹1.36, up from ₹0.68 last year.

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Recent news About Mishra Dhatu Nigam :

On January 30, 2025, Mishra Dhatu Nigam Limited secured a significant contract for supplying high-performance metals to the defense sector. This contract is expected to strengthen the company’s market position and contribute to its growth in the defense industry.

Stock performance of Mishra Dhatu Nigam for Period of 1 week, 6 months and 1 year:

The stock of Mishra Dhatu Nigam has seen a decline of 1.80% over the past week, a 33.2% drop over the last 6 months, and a 41.7% decrease over the past year, reflecting a challenging performance across different timeframes.

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Shareholding pattern of Mishra Dhatu Nigam:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	74	74	74
FII	1.26	1.42	1.27
DII	8.48	8.44	9.33
Retail & others	16.25	16.13	15.4

About Mishra Dhatu Nigam:

Mishra Dhatu Nigam is a leading defense and aerospace company specializing in manufacturing high-performance metals and alloys. The company provides materials for defense, space, nuclear, and other strategic sectors, contributing to India’s industrial growth and technological advancements.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.