MIDHANI jumps after Q2 profit more than doubles
In short
Mishra Dhatu Nigam shares climbed more than 8% after the company said Q2 FY27 net profit more than doubled to ₹28 crore. Revenue rose 41.1% to ₹296 crore, and the order book was ₹2,164 crore.
The stock jump shows the market reacted positively to the update.
What the reporting says
Mishra Dhatu Nigam shares rose more than 8% after the defence PSU reported Q2 FY27 net profit more than doubling to ₹28 crore. Revenue climbed 41.1% to ₹296 crore, while EBITDA margin expanded to 16.8% and the order book stood at ₹2,164 crore. The earnings update lifted the stock, as investors reacted to the stronger quarterly numbers.
Why it matters
Mishra Dhatu Nigam shares surged more than 8% after the defence PSU reported a strong Q2 FY27 update. Net profit more than doubled to ₹28 crore, revenue rose 41.1% to ₹296 crore, and EBITDA margin improved to 16.8%, with an order book of ₹2,164 crore. The market move reflects a positive reaction to earnings and execution strength in the defence manufacturer.