MIDHANI Secures ₹122 Cr Order; Order Book Soars to ₹2,520 Cr

• State-owned Mishra Dhatu Nigam (MIDHANI) secured a new order valued at ₹121.75 crore.
• Following this win, MIDHANI's open order book now stands at approximately ₹2,520 crore.
• The company reported a 45.6% year-on-year decline in net profit to ₹12.95 crore for Q2 FY25.
• Revenue fell 20% to ₹209.7 crore, and EBITDA declined 32.8% due to lower execution and cost pressures.
• Despite Q2 performance, demand from defence, aerospace, and energy sectors supports a robust order book.

Why It Matters: MIDHANI bags a new ₹122 Cr order, boosting its order book to ₹2,520 Cr despite Q2 profit dip.