Mishra Dhatu Nigam Limited (MIDHANI), a leading government-owned entity under the Ministry of Defence, has announced optimistic projections for the second half of FY25, with revenue growth expected to surpass the first half. The company’s Chairman and Managing Director, Sanjay Kumar Jha, stated that MIDHANI is targeting an overall 20% growth in revenue for the fiscal year, driven by its strong presence in the defence and aerospace sectors.

Key Drivers of Growth

Defence Sector Contributions:
MIDHANI’s primary focus continues to be on the defence sector, which remains the largest contributor to its order book. The company expects to capitalize on the recent ₹21,772 crore defence acquisition proposals approved by the Defence Acquisition Council. These acquisitions aim to enhance India’s defence preparedness and are likely to create significant demand for MIDHANI’s advanced materials and products.

Aerospace Export Growth:
In addition to domestic defence contracts, MIDHANI is also witnessing robust growth in its export business, particularly from the aerospace sector. The company’s export revenue target for FY25 has been set at ₹120 crore, a sharp increase from the ₹67 crore recorded in FY24. This growth reflects increasing global recognition of MIDHANI’s high-quality materials used in critical aerospace applications.

Profit Margins:
Despite the surge in revenue, MIDHANI aims to maintain its profit margins at approximately 25%, demonstrating strong operational efficiency and strategic cost management.

MIDHANI's Role in India's Defence and Aerospace

Managed by the Department of Defence Production, MIDHANI has been instrumental in supporting India’s self-reliance in critical sectors such as defence, aerospace, and space exploration. The company’s product portfolio includes superalloys, titanium alloys, and special steel, which are vital for manufacturing advanced defence equipment and spacecraft.

The recent approval of large-scale defence acquisitions is expected to bolster demand for these materials, solidifying MIDHANI’s position as a key player in India’s defence production ecosystem.

Financial Performance and Market Value

MIDHANI’s market capitalization stands at approximately ₹7,100 crore, reflecting its robust market performance and investor confidence. Over the past year, its shares have recorded a nearly 1% increase, showcasing stability in a competitive market.

Strategic Outlook

As MIDHANI continues to strengthen its presence in the defence and aerospace sectors, the company’s leadership remains committed to sustainable growth. The combination of increasing export demand and domestic defence contracts positions MIDHANI for a promising future.

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By focusing on robust growth strategies, MIDHANI demonstrates its pivotal role in shaping India’s defence and aerospace capabilities. The company’s performance in FY25 is set to be a testament to its resilience and strategic planning. Stay tuned for further updates on MIDHANI’s progress and other related news!